What is bank of america gross profit margin on this loan

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A Swiss sporting goods company borrows in yen in the Euro credit market at a rate of 4.91 percent from Bank of America using a three-month rollover loan. Bank of America assigns a default risk premium of 2.14 percent on the loan, and the country risk is an additional 0.80 percent. The bank can borrow funds in the Euro market at the three-month LIBOR rate of 0.32 percent. What is Bank of America’s gross profit margin on this loan? (Round answer to 1 decimal places, e.g. 15.2.) Gross profit margin= ___________ %

Reference no: EM13948637

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