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The Honest Bank has the following balance sheet with values stated in millions of dollars. All assets are associated with corporate customers (not governments or

The Honest Bank has the following balance sheet with values stated in millions of dollars. All assets are associated with corporate customers (not governments or sovereigns). Cash $80 Deposits $550 Municipal General Obligation Bonds $100 Residential Mortgages 1-4 family (LVR 60% - 80%) $220 Long-Term Debt $290 Commercial Loans $500 Equity $60 Total Assets $900 Total Liabilities

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