Continuing with the modified balance sheet with $40 million in Level 3 assets, assume the bank issues an additional $3 million in stock and sells $20 million of its Level 3 assets for cash through the government's troubled asset relief (TALF) program. As a result, the bank's capital to risk-weighted asset ratio equals: Choose the answer that is the closest percentage.
A.9.5%
B.15.5%
C. 12.5%
D. 14.4%
E. 17.4%
F.7.4%
G. 10.4%
H. 5.5%