Refer to the previous problem. Calculate both banks net profit after taxes and equity capital if both
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Refer to the previous problem. Calculate both banks’ net profit after taxes and equity capital if both banks’ assets are equal to $120 million.
Previous problem
Nice Horizon Bank has the following measures of bank profitability: EM = 14 and ROA = 1.05%.
Gold Coast Bank’s measures are EM = 12.3 and ROA = 1.15%. Which bank has a higher ROE?
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Related Book For
Financial Markets And Institutions
ISBN: 9780138043681
10th Edition
Authors: Frederic S Mishkin, Stanley Eakins
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