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Bank ABC has 524 million OMR Interest Revenue and 200 million OMR Interest Expense. The bank has 2500 Total Assets, 5 EM, and a 20
Bank ABC has 524 million OMR Interest Revenue and 200 million OMR Interest Expense. The bank has 2500 Total Assets, 5 EM, and a 20 % return on equity ROE. The bank has 50 million Loan loss provision, 150 million non-interest expenses, and 75 million non-Interest revenues. What is the tax rate for the bank?
Select one: a. All the given answers in this question are wrong b. 0.4975 c. 0.6475 d. 0.5975
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