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e. Millon National Bank has 8 million British pounds (£) in one-year assets and £6 million in one- year liabilities. In
Posted: Sun Apr 10, 2022 8:42 am
by answerhappygod
- E Millon National Bank Has 8 Million British Pounds In One Year Assets And 6 Million In One Year Liabilities In 1 (51.84 KiB) Viewed 19 times
e. Millon National Bank has 8 million British pounds (£) in one-year assets and £6 million in one- year liabilities. In addition, it has one-year liabilities of 3.5 million euros (€). Assets are earning 8 percent and both liabilities are being paid at a rate of 7 percent. All interest and principal will be paid at the end of the year. What is the net interest income in dollars if the spot prices at the end of the year for US $ to British £ are $1.30/£ and for Euro to US $ are €1.25/$