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2. In a recent year, a bank earned $42 million in interest on its assets of $520 million, it paid out $2.5 million in interest
2. In a recent year, a bank earned $42 million in interest on its assets of $520 million, it paid out $2.5 million in interest on its liabilities (excluding capital) of $450 million, and it paid its workers $9 million in total compensation. Calculate the banks spread and its return on equity. Round your answers to two (2) decimal places. The banks spread = _______________% The banks return on its equity = ___________________%
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