Suppose IronBank funds $400 million of loans at an average asset yield of 6.0...
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Suppose IronBank funds $400 million of loans at an average asset yield of 6.0% using $140 million of non-interest-bearing balances and $260 million of deposits paying 3.0%.
Ignoring credit losses and operating costs, what is the bank’s annual interest margin on this book, in $ millions?
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