A bank has the following balance sheet Assets $ Avg. rate % 1,550 000 7.75 Rate sensitive Rate sensitive Fixed rate 1, 755 000- 8.75 Fixed rate Nonearning 1, 265 000 2 Non-paying 2 Total 4 570 000 2 Total 2 1 r ] Suppose interest rates rise such that the average yield on rate-sensitive assets increases by 45 basis points and the average yield on rate-sensitive liabilities increases by 35 basis points.