bblem $23-3($LG $23-1)$

nsider the following balance sheet for Watchover Savings Incorporated $($in millions$)$:

Assets

loating$-$rate mortgages $($currently $12\%$ per annum$)$

$0-$year fixed$-$rate loans $($currently $9\%$ per annum$)$

otal

What is Watchover's expected net interest income at year$-$end? $($Enter your answer in millions rounded to $2$ decimal places. $($e$.$g$.,16))$

What will be the net interest income at year$-$end if interest rates rise by $3$ percent? $($Enter your answer in millions rounded to $2$ cimal places. $($e$.$g$.,32\mathrm{.}16))$

Using the one$-$year cumulative repricing gap model, what is the change in the expected net interest income for a $3$ percent increase interest rates? $($Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to $2$ decimal ces. $($e$.$g$.,32\mathrm{.}16))$

$\backslash$table$[[$b$.,$Net interest income,$$,8\mathrm{.}36,$million$],[$b$.,$Net interest income,$$,14\mathrm{.}48,$million$],[$c$.$ Change in net interest income,$$,(0\mathrm{.}60),$million,$]]$

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