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Consider the following balance sheet for Watchover Savings Incorporated ($ in millions): Assets Floating-rate mortgages (currently 138 annually) 30-year fixediate loans (currently 108 annually) Total

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Consider the following balance sheet for Watchover Savings Incorporated ($ in millions): Assets Floating-rate mortgages (currently 138 annually) 30-year fixediate loans (currently 108 annually) Total $ 64 64 Liabilities NOW accounts (currently 9 annually) Tine deposito (currently 9 annually) Equity $ 84 33 $ 128 012 a. What is Watchover's expected net interest income at year-end? b. What will be the net interest income at year-end If Interest rates rise by 4 percent? (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g. 32.16)) 1 $ Net interest income Net interest income 4.19 million milion

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