If I have a loan with an ROA of .90%, I think i can multiply by 10 to get an approximate yield or ~9%.
Can anyone remind me how to get to Effective Yield given an ROA level?
Thanks
If I have a loan with an ROA of .90%, I think i can multiply by 10 to get an approximate yield or ~9%.
Can anyone remind me how to get to Effective Yield given an ROA level?
Thanks