Petri Bank had interest revenues of $70 million last year and $30 million in interest expenses. About $300 million of Petri's $800 million in assets are rate sensitive, while $600 million of its liabilities are rate sensitive. Petri Bank's net interest margin is ____ percent.
A) 4.0
B) 3.6
C) 6.7
D) 5.0
Correct Answer:
Verified
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