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Refer to the bank balance sheet above. Suppose values are in millions of dollars. Suppose retum on assets (ROA) is 1.2%. Suppose bank owners convince
Refer to the bank balance sheet above. Suppose values are in millions of dollars. Suppose retum on assets (ROA) is 1.2%. Suppose bank owners convince bank managers to borrow 1000 million from other banks and make more loans. Assuming no change in ROA, What is the new value for ROE? Answer as a percent and do not enter a \% sign
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