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Question
Suppose a bank earned $173 million in interest on its assets of $2,153 million, it paid out $81 million in interest on its liabilities (excluding capital) of $2,007 million, and it paid its workers $71 million in total compensation. The bank's return on equity is approximatelya. 12 percent.
b. 14 percent.
c. 16 percent.
d. 18 percent.
Answer
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