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You have been given the following limited information about a different bank, UWM National Bank. Please calculate the equity ratio in percentage terms to the

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You have been given the following limited information about a different bank, UWM National Bank. Please calculate the equity ratio in percentage terms to the second decimal place after there is a $7 million loan that is declared worthless. Assume that this does not impact the allowance for loan and lease losses and that the bank operates in an area with no taxes (Nirvana, right?)

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