A bank has book value of $5 million in liquid assets and $95 million in nonliquid assets. Large depositors unexpectedly withdraw $9.5 million in deposits. To cover the withdrawals the bank sells all of its liquid assets at book value. To raise the additional funds needed the bank sells the necessary amount of nonliquid assets at 80 cents per dollar of book value. As a result, the bank's equity will .
Solved
Show answers
More tips
- D Dating, Love, Relationships 10 Useful Tips on How to Survive a Breakup?...
- F Food and Cooking Apple Cider Vinegar: The Ultimate Health and Beauty Solution...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Business
- M Mathematics Describe the location of the point having the following coordinates. zero abscissa l and negative ordinate....
- S Social Studies Portionpac is family-owned. how does this private ownership affect the company’s ability to follow the socioeconomic model of social responsibility?...
- M Mathematics A truck is carrying grapefruit juice, pineapple juice, and tomato juice bottles in a ratio of 3 : 1 : 2. If there are 14 pineapple juice bottles, then how many juice...
Ответ:
$600.078
Explanation:
the mean is also the average which is the total sum divide by 5