1. Consider the following balance sheet for MMC Bancorp (in millions of dollars): Assets 1. Cash and due from 2. Short-term consumer loans (one-year maturity) 3. Long-term consumer loans (two-year maturity) 4. Three-month T-bills 5. Six-month T-notes 6. Three-year T-bonds 7. 10-year, fixed-rate mortgages 8. 30-year, floating-rate mortgages 9. Premises $ 6.25 62.50 31.25 37.50 43.75 75.00 25.00 50.00 Liabilities 1. Equity capital (fixed) 2. Demand deposits 3. Passbook savings 4. Three-month CDs 5. Three-month bankers' acceptances 6. Six-month commercial paper 7. One-year time deposits 8. Two-year time deposits $ 25.00 50.00 37.50 50.00 25.00 75.00 25.00 50.00 6.25 $337.50 $337.50 a) Calculate the value of MMC's rate-sensitive assets, rate-sensitive liabilities, and repricing gap over the next year. b) Calculate the expected change in the net interest income for the bank if interest rates rise by 1 percent on both RSAs and RSLs. If interest rates fall by 1 percent on both RSAs and RSLs. c) Calculate the expected change in the net interest income for the bank if interest rates rise by 1.2 percent on RSAs and by 1 percent on RSLs. If interest rates fall by 1.2 percent on RSAs and by 1 percent on RSLS