$37$ points

A bank has book value of $$20$ million in liquid assets and $$180$ million in nonliquid assets. Large depositors unexpectedly withdraw $$30$ million in deposits. To cover the

withdrawals the bank sells all of its liquid assets at book value. To raise the additional funds needed the bank sells the necessary amount of nonliquid assets at $80$ cents per dollar

of book value. As a result, the bank's equity will

fall by $$2\mathrm{.}5$ million

remain unchanged

fall by $$10$ million

fall by $$8$ million