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Remaining Time: 2 hours, 42 minutes, 52 seconds. Question Completion Status: QUESTION 19 A financial Institution has the following simplified market value balance sheet Cash

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Remaining Time: 2 hours, 42 minutes, 52 seconds. Question Completion Status: QUESTION 19 A financial Institution has the following simplified market value balance sheet Cash 5,000 CO 20,000 Bond 25.000 Equity 10,000 Total Assets 30,000 Total Liabilities and Equity 30,000 The bond has 20 years to maturity, a fixed coupon rate of 6%, and face value of 25,000. The CD has a fixed rate of 3% and 1 year to maturity Calculate all answers to the nearest dollar (no decimals) a) calculate net interest income at the end of the first year b) If market interst rates have decreased by 70 basis points at the end of year 1, calculate the bond price at the end of year 1: QUESTION 20 Click Save and Subenit to save and subotit. Click Save All Anmers to save all answers MacBook Air 600 81 20 12 Q @ 2 W #3 13 E 54 $ R 20 % 5 $5 A T 6 37 & 7 Y U

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