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Question
A bank has determined the information below for one of its customers. This customer wants to borrow $1,000,000 but will maintain an average deposit balance in its account of $200,000. What is the expected net rate of return on this loan?
A. 10.00 percent
B. 8.20 percent
C. 10.25 percent
D. 13.75 percent
E. None of the options is correct.
Answer
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Related questions
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