Prohtem 1 to 5: use the foiiowing Information: Mr. DblWan has applied for a revohring credit line of $6 miilion to assist in marketing a new product Fine. The terms of the loan will he as follows: {a} Fiji the ioans wilt he discount foans. to} A commitment fee of [1.2 percent on the unused portion of the loan wiii he charged. [c]: The compensatory tiaiance requirements will he 10 percent on the total credit line and 8 percent on the outstanding loans. {it} The bank 1.vill pay 4 percent interest on demand deposits. [e] The rate of interest to he charged wiEi he the prime rate plus 3 percent. {1} The bank wilt use the "actuati" accrual method to compute interest payments. {g} The credit line wilt he extended for a period of three years. The loan officer estimates that Mr. Obi-Wan will use about til) percent of the credit line on average. It the prime rate is 10 percent and the required reserve rate on demand deposits is 20 percent, compute the effective yield for the bank 1. Compute the effective yield for the bank. a. i_45% t]. 1191394: c. 18 . 33% ii. 19.33% e. None of the above