
M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961
M&B3 3rd Edition by Dean Croushore
Edition 3ISBN: 978-1285167961 Exercise 12
In a recent year, a bank earned $37 million in interest on its assets of $462 million, it paid out $23 million in interest on its liabilities (excluding capital) of $416 million, and it paid its workers $8 million in total compensation. Calculate the bank's spread and its return on equity.
Explanation
Banks spread is the difference between t...
M&B3 3rd Edition by Dean Croushore
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