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Question
Bank of the Atlantic has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.
What is the bank's net interest income for the current year?
A. $300,000.
B. $140,000.
C. $160,000.
D. $280,000.
E. $80,000.
Answer
This answer is hidden. It contains 175 characters.
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