You are the manager of a bank that has set a target return on assets...
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Accounting
You are the manager of a bank that has set a target return on assets of 1.2 percent, a marginal tax rate of 20 percent, a provision for loan loss of 0.4 percent, and a burden of 1.2 percent. What NIM must the bank achieve to make its target ROA?
Group of answer choices
3.8%
2.8%
3.7%
3.1%
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