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Friendly Financial has $140 million in consumer loans with an average interest rate of 12 percent....

Friendly Financial has $140 million in consumer loans with an average interest rate of 12 percent. The bank also has $94 million in home equity loans with an average interest rate of 9 percent. Finally, the company owns $25 million in corporate securities with an average rate of 7 percent. Managers at Friendly Financial estimate that next year its consumer loan portfolio will rise to $237 million and the interest rate will fall to 10 percent. They also estimate that its home equity loans will fall to $80 million with an average interest rate of 9 percent, and its corporate securities portfolio will increase to $26 million with an average rate of 7 percent. Required: Estimate Friendly Financial’s revenues for the coming year. (Enter your answer in thousands of dollars.)

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Solution - Gruen that Compulation of year friendly financials devenues for coming . Customea lean poatfolio = $234 x 10% $ 23

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