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The balance sheet of Key Bank ( KB ) has the following items ( all amounts are in $MM ) . On the Assets side,

The balance sheet of Key Bank (KB) has the following items (all amounts are in $MM). On the Assets side, it reports: 1-year Consumer Loans =$140,30-year Consumer Loans =$125,6-month T-notes =$265,3-year T-bonds= $180, and 30-year Floating-rate Mortgages (adjusted every year)=$120. On the Liabilities and Equity side, it reports: Passbook Savings =$120,3-month CDs =$280,6-month CDs =$140,1-year Time Deposits =$110,5-year Time Deposits =$80, and Equity Capital =$100. What is the impact over the next year on KB's net interest income if interest rates decrease by 75 basis points? I know the correct answer is $0.0375 million but please show me each step to get this solution!
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