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A bank has the following balance sheet: Suppose interest rates rise such that the average yield on rate-sensitive assets increases by 0.45% and the average

A bank has the following balance sheet:

Suppose interest rates rise such that the average yield on rate-sensitive assets increases by 0.45% and the average yield on rate sensitive liabilities increases by 0.35%. Assuming bank does not change the composition of its balance sheet, calculate the resulting change in the banks interest expense.

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