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Question
If FNBNA is expecting a $20 million net deposit drain and the bank wishes to fund the drain by borrowing more money, how much will pre-tax net income change if the borrowing cost is the same as on its existing borrowed funds?
A. $600,000
B. -$312,000
C. -$2,000,000
D. -$600,000
E. $312,000
Answer
This answer is hidden. It contains 28 characters.
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