A bank has the following balance sheet: Assets $ Avg. rate % Liabilities/equity $ Avg. rate % Rate sensitive 550 000 7.75 Rate sensitive 375 000 6.25 Fixed rate 755 000 8.75 Fixed rate 805 000 7.50 Nonearning 265 000 Non-paying 390 000 Total 1 570 000 Total 1 570 000 Suppose interest rates rise such that the average yield on rate-sensitive assets increases by 50 basis points and the average yield on rate-sensitive liabilities increases by 70 basis points. Calculate the resulting change in net interest income (change in NII) . Change in NII = $375 000(.0070) = $1500.00 . No enough information to decide OC. Change in NII = $550 000.0050) = $ 2750 OD Change in NII = $2750 - $750 = $2000.00 O E Change in NII = $67812.5.50 - $60375 =$7437.50 OF. Change in NII = $70562.5 - $61875 = $8687.50 OG. None of the other listed options is correct