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Westpac bank earns 5% on $4 billion of interest-earning assets. It has total liabilities of...

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Finance

Westpac bank earns 5% on $4 billion of interest-earning assets. It has total liabilities of $2.5 billion, which on average costs 3%. If the bank's interest rate margin is 2.5%How much total assets does Westpac have?

a. $5 billion

b. $5.25 billion

c. $3 billion

d. $4 billion

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