Question 16 7 pts The First State of Ardmore city reports a net margin of 2.5...
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Question 16 7 pts The First State of Ardmore city reports a net margin of 2.5 percent in its most recent financial report with total interest income of $88 million and total interest expenses of $72 million. This bank has earnings assets of $640 million. Suppose this bank's interest income rises by 8 percent and its interest expenses and earning assets increase by 9 percent. What is the bank's new net interest margin? Question 16 7 pts The First State of Ardmore city reports a net margin of 2.5 percent in its most recent financial report with total interest income of $88 million and total interest expenses of $72 million. This bank has earnings assets of $640 million. Suppose this bank's interest income rises by 8 percent and its interest expenses and earning assets increase by 9 percent. What is the bank's new net interest margin?
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