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The Big Firm is well known nationally, sells commercial paper on occasion, and wants a floating-rate loan. A bank's base rate is 6.93%. Adjustment for

The Big Firm is well known nationally, sells commercial paper on occasion, and wants a floating-rate loan. A bank's base rate is 6.93%. Adjustment for default risk for this firm is 1.3%. Competitive risk factor adjustment is 0%. Given this information calculate the bank's loan-pricing for this firm. The answer should be in %

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