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Payme Bank (PB) finances a $360,000 2-year fixed-rate loan with a $300,000 1-year fixed-rate CD. What is the change in PB's n interest income for

Payme Bank (PB) finances a $360,000 2-year fixed-rate loan with a $300,000 1-year fixed-rate CD. What is the change in PB's n interest income for the 1-year maturity bucket if interest rates decrease by 100 basis points?

a. -$3,000

b. -$600

c. $600

d. $3,000

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