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Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year...

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Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year CDs is 1.0%. Then for all new 1-year CD deposits, MBT cannot pay above 1.75% MBT cannot pay below 0.25% MBT cannot pay below 1.75% MBT cannot pay above 0.25%

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