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The following table displays a simple income statement for a commercial bank. If the line item Provision for Loan increased from 0.6% to 1.2%, how
The following table displays a simple income statement for a commercial bank. If the line item "Provision for Loan" increased from 0.6% to 1.2%, how much would the bank's pre-tax net income change (as a ratio to assets)? Enter your answer as a percentage.
Total Interest Income Total Interest Expense Net Interest Income Non-interest Income Non-interest Expense Provision for Loans Pre-tax Net Income Ratio to Assets 2.8% 0.4% 2.4% 1.3% 2.3% 0.6% 0.8%Step by Step Solution
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