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You are provided with the following information: a bank has a net income after taxes of $3.5 million; it has assets of $150 million; and

You are provided with the following information: a bank has a net income after taxes of $3.5 million; it has assets of $150 million; and bank capital of $12.5 million.

What is the bank's leverage?

(please show the formula that's being used, thank you)

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