F the rate currently payable on 10-year Treasury bonds is 4.3 percent and the risk spread is 3 percent, what is the average rate on other forms of commercial lending?
Instructions: Round your answer to one decimal place. _ percent.
The information below shows the balance sheet of a bank in millions of dollars.
ASSETS (in millions).....................................................LIABILITIES (in millions)
Cash = $800................................. ....................................CD's = $2,000
Commercial loans = $2,000 ..................................Savings accounts = $1,500
Consumer loans = $800...........................................Long-term debt = $1,000
Prime mortgages = $800........................................Subprime mortgages = $500
Total Assets = $4,900......................................................Total Liabilities = $4,500
Instructions: Round your answers to the nearest dollar.
The bank's net worth is $_ million.
