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A lenders cost accounting system reveals that its losses on

Question: A lender's cost accounting system reveals that its losses on real estate loans average 0.45 percent of loan volume and its operating expenses from making these loans average 1.85 percent of loan volume. If the gross yield on real estate loans is currently 8.80 percent, what is this lenders net yield on these loans?

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Finance Basics: A lenders cost accounting system reveals that its losses on

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