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If FNBNA Is Expecting a $10 Million Net Deposit Drain

Question 12

Multiple Choice

If FNBNA is expecting a $10 million net deposit drain and the securities liquidity index is 0.97,by how much will pretax net income change if the drain is funded entirely through securities sales? A) −$306,122 B) −$150,000 C) −$375,339 D) −$476,289 E) −$474,490 If FNBNA is expecting a $10 million net deposit drain and the securities liquidity index is 0.97,by how much will pretax net income change if the drain is funded entirely through securities sales?


A) −$306,122
B) −$150,000
C) −$375,339
D) −$476,289
E) −$474,490

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