2. (Credit risk) Consider a bank with the following balance sheet (in Million Dollar): Assets Cash Gross loans Total Assets Liabilities and Equity $1,000 Certificate of deposit $10,000 Equity (net worth) $11,000 Total liabilities and Equity $10,000 $1,000 $11,000 Suppose that the bank managers recognize that 5 percent of its $10,000 million in loans is unlikely to be repaid due to an increase in credit repayment difficulties of its borrowers. Eventually, the bank's managers must respond by charging off or writing down these loans' value on their balance sheet. What will be the bank's equity's value after charge-off