Question: Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 2 percent. What

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Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 2 percent. What were the bank's after-tax profits? Assets Bank Balance Sheet (in thousands) Liabilities and Capital $200 Deponita $2,000 $950 Borrowing $0 $950 Bank Capital $100 Reserves Loans Securities The bank's after-tax profits: $ millions

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