What is the bank NIM on this loan

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Reference no: EM131868249

A bank originates a 30 year fully amortizing FRM for 800,000 at an annual interest rate of 4%. 9 years later the bank’s cost of funds is 7.25%. What is the bank’s NIM on this loan? (Your answer can be positive or negative, use the correct sign!)

Reference no: EM131868249

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