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Happy Bank Liabilities and Owners' Assets Equity Reserves $ 100 Deposits $ 800 Loans $ 900 Capital $ 200 (Owners' Equity) Question 2 (0.3 points)

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Happy Bank Liabilities and Owners' Assets Equity Reserves $ 100 Deposits $ 800 Loans $ 900 Capital $ 200 (Owners' Equity) Question 2 (0.3 points) Now suppose that 20% of the borrowers default on their loans, so that the value of loans falls by 20%. By what percentage did its total assets fall? Your answer must be an integer between 0 and 100. Your Answer: Answer Question 3 (0.3 points) Using the same assumption as in question 2, by what percentage did its owners' equity fall? Your answer must be an integer between 0 and 100. Your

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