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Suppose that the value of loans in both banks declines by 10%. The amount of loans outstanding for East Bank decreases from $250,000 to ,
Suppose that the value of loans in both banks declines by 10%. The amount of loans outstanding for East Bank decreases from $250,000 to
, which represents a loss of
(Hint: Round to 1 decimal place.) of stockholders' equity. The amount of loans outstanding for West Bank decreases from $500,000 to
, which represents a loss of
(Hint: Round to 1 decimal place.) of stockholders' equity.
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