XP 11-23 (similar to) Question Help Consider two local banks, Bank A has 80 loans outstanding, each for $1.0 million, that it expects will be repaid today. Each loan has a 4% 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 $80 million outstanding, which it also expects will be repaid today. It also has a 4% 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