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(Lebanese bank) BLOM Bank had a book value of around $3 billion dollars on December 31, 2017. On the same date, the bank debt-to-equity ratio

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(Lebanese bank) BLOM Bank had a book value of around $3 billion dollars on December 31, 2017. On the same date, the bank debt-to-equity ratio is 9.83 and the cash account balance is $16.42 billion. (a) How would BLOM bank market value compare to its $3 billion book value? Justify your answer. (b) Develop a simple "sketch" of BLOM's balance sheet on December 31, 2017, listing only the major accounts. (c) Explain how currency risk (devaluation of the Lebanese Pound) could affect BLOM balance sheet. (Lebanese bank) BLOM Bank had a book value of around $3 billion dollars on December 31, 2017. On the same date, the bank debt-to-equity ratio is 9.83 and the cash account balance is $16.42 billion. (a) How would BLOM bank market value compare to its $3 billion book value? Justify your answer. (b) Develop a simple "sketch" of BLOM's balance sheet on December 31, 2017, listing only the major accounts. (c) Explain how currency risk (devaluation of the Lebanese Pound) could affect BLOM balance sheet

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