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Question 8 1 pts Consider the following balance sheet for Watchover Savings Inc. (in millions): Assets Liabilities and Equity Floating-rate mortgages $100 NOW deposits (4%)
Question 8 1 pts Consider the following balance sheet for Watchover Savings Inc. (in millions): Assets Liabilities and Equity Floating-rate mortgages $100 NOW deposits (4%) $125 (8%) 30-year fixed-rate loans $150 (7%) 5-year time deposits $75 (5%) Equity $50 Total $250 Total $250 What will be the decline in the net interest income at year-end if interest rates rise by 3 percent? O 0.75 million O 0.20 million O 0.5 million O 0.15 million O 0.25 million
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