Question 5 Use the following bank information for questions a) and b). Assets Interest rate Liabilities Interest rate $350,000 cash 0% $3 million in checking deposits 10% $1.5 million in 180 |4% $5 million in time deposits day Treasury bills mature in 12 months $3 million in 10 year 5.5% |$1 million in non-deposit Treasury bonds borrowing, mature in 15 years $1.5 million 8% for seven months, commercial loan Prime + 2% afterwards $4 million in 5/1 Currently 5% ARM mortgages a) What is the bank's GAP given the following information if the analysis window is 8 months? b) What is Net Interest Income for the bank in