Bank Omega has the following balance sheet: Assets Amount Rate earned Liabilities and (Smillion) per annum Equity Amount Rate paid ($million) per annum 3-month Treasury 250 5.5% 450 5% notes 6-month certificates of deposit 550 7% 250 6% 2-year variable- rate loans (rate adjusted monthly) 7-year term deposits (fixed rate) 150 8.5% 100 7% 8-year fixed-rate loans 30-year subordinated debt (fixed rate) 50 Equity 200 Premises (non- earning) Total 1000 Total 1000 (i) Calculate Bank Omega's one-year repricing gap. (3 marks) (ii) Assume interest rates are anticipated to increase by 50 basis points for Rate-Sensitive Assets, and increase by 25 basis points for Rate-Sensitive Liabilities in the next 12 months. Calculate the expected change in the bank's Net Interest Income. (3 marks) Bank Omega has the following balance sheet: Assets Amount Rate earned Liabilities and (Smillion) per annum Equity Amount Rate paid ($million) per annum 3-month Treasury 250 5.5% 450 5% notes 6-month certificates of deposit 550 7% 250 6% 2-year variable- rate loans (rate adjusted monthly) 7-year term deposits (fixed rate) 150 8.5% 100 7% 8-year fixed-rate loans 30-year subordinated debt (fixed rate) 50 Equity 200 Premises (non- earning) Total 1000 Total 1000 (i) Calculate Bank Omega's one-year repricing gap. (3 marks) (ii) Assume interest rates are anticipated to increase by 50 basis points for Rate-Sensitive Assets, and increase by 25 basis points for Rate-Sensitive Liabilities in the next 12 months. Calculate the expected change in the bank's Net Interest Income