If a bank invested $75 million in a 3-year asset paying 8% per year and...
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Accounting
If a bank invested $75 million in a 3-year asset paying 8% per year and simultaneously issued a $75 million 2-year liability paying 6.5% interest per year, what would be the impact on the banks net income if, at the end of the second year, all interest rates were increased by 1%
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