Question
Assume Merchants National Bank is operating a positive gap of $10 million and they decide to take on $1.5 million of new interest bearing liabilities.
Assume Merchants National Bank is operating a positive gap of $10 million and they decide to take on $1.5 million of new interest bearing liabilities. After which interest rates subsequently rise from 4% to 7%. What effect will this have Merchants income?
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Enterprise
Authors: William B. Gartner; Marlene G. Bellamy
1st edition
978-0324130850, 324130856, 978-0324786552
