Assets Total Assets Assets: 23. (14 points) Consider the following bank balance sheet and associated interest rates. The bank is interested in determining its interest rate sensitivity over the next 6 months. Assets One Year, fixed rate commercial loan Floating rate loan - interest rate adjusts every 3 months Non-earning Liabilities: Cumulative GAP Amount $48,000 $52,000 20,000 120,000 Current Rate 4.5% 3.5% Liabilities and Equity 3-month CD 0 to 3 months 3-year CD Demand Deposits Equity un Total Liabilities and Equity Amount 55,000 a. (10 points) Calculate the bank's 6-month cumulative GAP using the following buckets: 4 to 6 months 7 to 9 months 9 to 12 months 43,000 10,000 12,000 120,000 Current Rate 1.25% 2.0% 0.1% Not Rate Sensitive