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A bank has an interest rate spread of 1 5 0 basis points on $ 3 0 million in earning assets funded by interest -
A bank has an interest rate spread of basis points on $ million in earning assets funded by interestbearing liabilities. However, the interest rate on its assets is fixed and the interest rate on its liabilities is variable. If all interest rates go down basis points, the bank's new pretax net interest income will be
A $
B $
C $
D $
E $
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