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A bank has an interest rate spread of 150 basis points on $30 million in earning assets funded by interest bearing liabilities. However the interest

A bank has an interest rate spread of 150 basis points on $30 million in earning assets funded by interest bearing liabilities. However the interest rate on its assets is fixed and the interest rate on its liabilities is variable. If interest rates go up 50 basis points the banks new pre-tax net interest income will be:

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