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QUESTION
In a recent year, a bank earned 37 million on interest on its assets of 462 million, it paid out 23 million in interest on its liabilities of 416
In a recent year, a bank earned 37 million on interest on its assets of 462 million, it paid out 23 million in interest on its liabilities of 416 million, and it paid its workers 8 million in total compensation. Calulate the banks spread and its return on equity
