Please help with steps A and B. I'm stuck on this problem and unsure how to solve.

Thanks

independent across all the loans. Bank B has only one loan of $95 million Consider two local banks. Bank A has 95 loans outstanding, each for $1.0 million, that it expects will be repaid today. Each loan has a 7% probability of default, in which case the bank is not repaid anything. The chance of default outstanding, which it also expects will be repaid today. also has a 7% probability of not being repaid. Calculate the following: a. The expected overall payoff of each bank. b. The standard deviation of the overall payoff of each bank. . a. The expected overall payoff of each bank. The expected overall payoff of Bank Ais million. (Round to the nearest integer.)