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QUESTION
A bank had a leverage ratio of 12.5 at the end of January. In February, bank's capital decreased by 10 percent, but bank's liabilities remained the...
A bank had a leverage ratio of 12.5 at the end of January. In February, bank's capital decreased by 10 percent, but bank's liabilities remained the same. In March, bank's assets further decreased by 0.5 percent and there was no change in bank's liabilities.
What was the percentage change in bank's capital in March? and What is the bank's leverage ratio at the end of March?
