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The following information of ZZZ Bank is available: Other information: Required return on equity is 7.00% Calculate the hurdle rate that ZZZ Bank will use

image text in transcribed The following information of ZZZ Bank is available: Other information: Required return on equity is 7.00% Calculate the hurdle rate that ZZZ Bank will use to assign interest rates to loan portfolio. Show your workings and answer in the space provided below

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