Save Score: 0.5 of 1 pt 15 of 20 (20 complete) HW Score: 87.5%, 17.5 of 20 pts Question Help tid P 11-23 (similar to) Consider two local banks. Bank A has 97 loans outstanding, each for $1.0 million, that it expects will be repaid today. Each loan has a 5% probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $97 million outstanding, which it also expects will be repaid today. It also has a 5% probability of not being repaid. Calculate the following: a. The expected overall payoff of each bank. b. The standard deviation of the overall payoff of each bank a. The expected overall payoff of each bank. The expected overall payoff of Bank Ais $ million (Round to the nearest integer.) qu etc end 3888 Enter your answer in the answer box and then click Check Answer Check AS Clear All 3 parts remaining DY TOTT youtubernur automated text message with messaging rates may apply Bank A$ 2.11 =((1-0.95)^2*0.95+(0-0.95^2*0.05)^(1/2)*(94^0.5) Bank B $ 20.49 =((94-89.3)^2*0.95+(0-89.3)^2*0.05)^(1/2)