Question 11 REINVESTMENT RISK. FOR THIS AND THE NEXT TWO QUESTIONS. A financial institution can borrow $100 million for 2 years at 3%. It plans to invest this money in a 1-year security with an interest rate of 4.8% per year. Calculate net interest income for the first year. 1) $1.8 million 3) $1.5 million 4) $3.6 million 5) None of the above Question 12 If interest rates stay the same in the second, calculate cumulative net interest income. 2) $4.8 million 3) $1.5 million 4) $3.6 million 5) None of the above