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Comsider the following balance sheet for Watchover Savings Inc. (5 in millions): Assets Liabilities $ 51 NOW accounts currently 7% annually! $ 71 Floating rate

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Comsider the following balance sheet for Watchover Savings Inc. (5 in millions): Assets Liabilities $ 51 NOW accounts currently 7% annually! $ 71 Floating rate morto durrently 11% annually 30 year foed-rate Loans (currently 8% annually 51 Time deposits currently 7% annually) 21 Equity 10 Total $ 102 $ 102 a. What is Witchover's expected net interest income at year end? b. What will be the ruit interest income at year endir interest rates rise by 1 percent

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