Question 31 4 pts A bank has issued a one-year loan commitment of $8,000,000 for an up-front fee of 40 basis points. The back-end fee on the unused portion of the commitment is 10 basis points. The bank requires a compensating balance of 10 percent in demand deposits. The interest rate on the loan is 8.5 percent. Reserve requirements on demand deposits are 10 percent. The customer is expected to draw down 80 percent of the commitment. What is the expected return on this loan? (4 pts.) Student instructions: Please input your answer as a percentage with 2 decimal places without the %. For example, 5.27