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Question 5 of 10 074 View Policies Show Attempt History Current Attempt in Progress A Swiss sporting goods company borrows in yen in the Eurocredit
Question 5 of 10 074 View Policies Show Attempt History Current Attempt in Progress A Swiss sporting goods company borrows in yen in the Eurocredit market at a rate of 4.25 percent from Bank of America using a thre month rollover loan. Bank of America assigns a default risk premium of 2.11 percent on the loan, and the country risk is an additional 0.72 percent. The bank can borrow funds in the Euromarket at the three-month LIBOR rate of 0.32 percent. What is Bank of America gross profit margin on this loan? (Round answer to 1 decimal places, e.g. 15.2.) Gross profit margin % Save for Later Attempts: 1 of 2 used Submit An
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