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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: year Consumer Loans $year Consumer Loans $month Tnotes $year Tbonds $ and year Floatingrate Mortgages adjusted every year$ On the Liabilities and Equity side, it reports: Passbook Savings $month CDs $month CDs $year Time Deposits $year Time Deposits $ and Equity Capital $ What is the impact over the next year on KBs net interest income if interest rates decrease by basis points? I know the correct answer is $ million but please show me each step to get this solution!
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