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Based on the following information, what is the lowest price per share you would expect to pay for Bank D? Shares Price Net Income (1000)

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Based on the following information, what is the lowest price per share you would expect to pay for Bank D? Shares Price Net Income (1000) Per Share (1000) Bank A 650 50.27 1846 Bank B 810 75.65 2811 Bank c 1187 27.49 2742 Bank D 1453 7265 1) $59.50 2) $85.67 3) 5121.45 4) $108.99 5) $47.09 What is the return on equity for the bank? Amount ($millions) Amount ($millions) Interest Income Cash 80 Iny. Securities 170 Securities 4.488 Net Loans Business Loans 19.092 Business Loans 370 Mortgages 6.450 Mortgages 150 Installment Loans 9.408 Installment Loans 140 2.976 Credit Cards 30 Credit Cards Intrrest Expense Demand Deposits Loan LOSS Reserve 11 1.972 Other Assets 50 Savings Accounts 3.128 Total Assets 990 Time Deposits 8.289 Purchased Funds 3.152 Loan Loss Provision Demand Deposits Non-Int Bearing 1.650 110 Non-Interest Income 11.621 170 Non-Interest Expense 20.685 230 Interest Bearing Savings Accounts Time Deposits Purchased Funds Capital Gains/Losses -0.246 270 Before Tax Income 14.913 80 Taxes 5.070 130 Net Income Equity Total Liab and Equity 9.843 990 O 1) 1) 11.47% O2) 19.90% 03). 7.57% 4 5 5.66% 05) 11.93%

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