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3. Bank BIIV finds that it can attract the following amounts of deposits if it offers new depositors and those rolling over their maturing CDs

image text in transcribed 3. Bank BIIV finds that it can attract the following amounts of deposits if it offers new depositors and those rolling over their maturing CDs the interest rates indicated below: Management anticipates being able to invest any new deposits raised in loans yielding 10%. How far should this ban k go in raising its deposit interest rate in order to maximize total profits (excluding interest costs)

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