Question
Fernando Bank has an interest expense of $150 million, earning assets of $1,400 million, and a NIM of 5.00 percent. The bank also has interest-bearing
Fernando Bank has an interest expense of $150 million, earning assets of $1,400 million, and a NIM of 5.00 percent. The bank also has interest-bearing liabilities of $1,120 million. calculate Fernando Bank's spread .
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