The numbers provided are in millions of U.S. dollars unless otherwise noted and reflect market values:

Cash35Demand Deposits225

Commercial Loans270Euro Denominated CDs125

(mature in 5.0 years)(par = EUR150)

(par value = $285)[currently Last Appendix A]

(interest paid semi-annually at 6.75%)(interest paid quarterly at 2.25%)

Canadian $ Zero Coupon Bonds115(mature in 5.0 years)

(mature in 15.0 years)

(par value = CAD1575)

[currently Last Appendix A]Subordinated Debt300

Mortgage Loans - Fixed Rate305(mature in 20 years)

(mature in 15 years)(amortize monthly at 6.15%)

(amortize monthly at 3.85%)

Equity75

______

TOTAL ASSETS725TOTAL LIABILITY & EQUITY725

Now assume that market interest rates increase instantaneously by 5 basis points for all affected assets and liabilities.

Now assume that the FX exchange rate changes to (EUR/US$) = 1.15 and (US$/CAD) = 1.42 at the same time that interest rates change, what is the new market value of the Euro denominated deposits in EURs?

options:

EUR114.636002

EUR114.372544

EUR115.018263

EUR114.900126

EUR115.102836