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a bank has an interest rate spread of 260 basic points on 42.5 million in earning assets by interest bearing liabilities if the interest rate

a bank has an interest rate spread of 260 basic points on 42.5 million in earning assets by interest bearing liabilities if the interest rate on its assets is fixed but the interest rate on its liabilities is variable. If interest rates go up 40 basis points the banks new interest rate income will be ?

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