Fernando Bank has 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. Fernando Bank's spread is

Select one:

2.08 percent.

1.65 percent.

2.32 percent

NOT ENOUGH DATA TO ANSWER

1.94 percent.

2.16 percent.

1.10 percent.