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7.33 years Question 9 O out of 10 points Loyola Bank classifies its assets and liabilities and the period (maturity buckets) within which they are

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7.33 years Question 9 O out of 10 points Loyola Bank classifies its assets and liabilities and the period (maturity buckets) within which they are subject to repricing as on March 31, 2015 as follows: (dollars in millions) Maturity buckets One week 8 to 25 days 25 to 10 days +0 to 60 days 60 to 90 days 90 to 180 days 180 to 365 days Interest-sensitive assets $50 75 60 70 80 180 210 Interest-sensitive liabilities $45 70 75 80 70 160 190 Silvershine bank has $200 million in earning assets and $280 million in liabilities that are subject to an interest rate change each month over the next six months. If market interest rates suddenly rise by 2 full percentage points, what will be approximate change in the net interest income for the bank? Selected Answer: $9,6 million

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