ock Bank has the following (simplified) balance sheet. Amounts are in millions of dollars, and the % is the terest rate received (paid) on assets (liabilities). a. What is the current (total) repricing GAP position? (2 marks) b. What happens to the bank's net interest income if rates would rise by 1.5 percentage points? Show your calculation. ( 3 marks) c. The Chief Economist of Rock Bank sees conflicting signals as to the future direction of interest rates. Mountain Bank would like to close the GAP to 0 (zero) and aims to use an interest rate swap. Outline a swap strategy. (3 marks) - Part c. Mountain Bank = Rock Bank. This is a typo. - Amounts in the table are in million $, not billion