Copper Bank's asset and liability management team is assessing the bank's portfolio of assets and liabilities. They report the following distribution of maturities and repricing opportunities: Coming Week Next 30 Days Next 31-90 Days More Than 90 Days Interest-sensitive assets Loans $300.00 $500.00 $355.00 $475.00 Securities 35.00 49.00 25.00 54.00 Interest-sensitive liabilities Transaction deposits $415.00 $ 400.00 $ 27.00 $ 35.00 Time accts. 175.00 250.00 235.00 90.00 Money market borrowings 245.00 140.00 150.00 35.00 a. Calculate the interest sensitive GAP for the four periods and the cumulative GAP to show when and by how much the bank is exposed to interest rate risk. (3 marks) b. For each repricing interval, what changes in interest rates will be beneficial and which will be damaging, given the current portfolio position? Assess the non-cumulative and cumulative GAP. (5 marks) Copper Bank's asset and liability management team is assessing the bank's portfolio of assets and liabilities. They report the following distribution of maturities and repricing opportunities: Coming Week Next 30 Days Next 31-90 Days More Than 90 Days Interest-sensitive assets Loans $300.00 $500.00 $355.00 $475.00 Securities 35.00 49.00 25.00 54.00 Interest-sensitive liabilities Transaction deposits $415.00 $ 400.00 $ 27.00 $ 35.00 Time accts. 175.00 250.00 235.00 90.00 Money market borrowings 245.00 140.00 150.00 35.00 a. Calculate the interest sensitive GAP for the four periods and the cumulative GAP to show when and by how much the bank is exposed to interest rate risk. (3 marks) b. For each repricing interval, what changes in interest rates will be beneficial and which will be damaging, given the current portfolio position? Assess the non-cumulative and cumulative GAP