Consider the following balance sheet for MMC bancorp (in millions of dollars):

Assets:

1. Cash and due from $6.25

2. Short-term consumer loans (1-year maturity) 62.50

3. Long-term currency loans (2-year maturity) 31.25

4. 3-month T-Bills 37.50

5. 6-month T-Bills 43.75

6. 3-year T-Bonds 75.00

7. 10 year, fixed rate mortgages 25

8. 30-year, floating rate mortgages 50

9. Premises 6.25

Total $337.50

Liabilities

1. Equity capital (fixed) $25

2. Demand Deposits 50

3. Passbook savings 37.50

4. 3-month CDs 50.00

5. 3-month Bankers' Acceptances 25.00

6. 6-month commerical paper 75.00

7. 1-year time deposits 25.00

8. 2-year time deposits 50.00

Total: $337.50

a) Calculate the value of MMC's rate-sensitive assets, rate-sensitive liabilties, and repricing gap over the next year

b) Calculate the expected change in the net interest income for the bank if interest rates rise by 1 percent on both RSAs and RSLs. If interest rates fall by 1 percent on both RSAs and RSLs.

c) Calculate the expected change in the net interest income for the bank if interest rates rise by 1.2 percent on RSAs and by 1 percent on RSLs. If interest rates fall by 1.2 percent on RSAs and by 1 percent on RSLs.