Question
$1,000 million (or $1 billion) in 10-year fixed-rate loans at 7%. $900 million in savings deposits with a floating interest rate currently at 3%. $100
$1,000 million (or $1 billion) in 10-year fixed-rate loans at 7%. $900 million in savings deposits with a floating interest rate currently at 3%. $100 million in equity. Calculate Net Interest Income if interest rates rise by 2%? a. $90 million b. $61 million c. $43 million d. $63 million
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
