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Check my wol Consider the following balance sheet for Watchover Savings Inc. (in millions): Assets Floating-rate mortgages (currently 128 p.a.) 30-year fixed-rate loans (currently 98

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Check my wol Consider the following balance sheet for Watchover Savings Inc. (in millions): Assets Floating-rate mortgages (currently 128 p.a.) 30-year fixed-rate loans (currently 98 p.a.) $ 96 108 Liabilities and Equity Now deposits (currently 88 p.a.) 5-year time deposits (currently 88 p.a.) Equity Total $123 38 43 $204 Total $ 204 tes a. What is Watchover's expected net interest Income at year-end? (Enter your answer in millions rounded to 2 decimal place (e.g., 32.16)) b. What will be the net interest income at year-end if interest rates rise by 3 percent? (Enter your answer in millions rounded 2 decimal places. (e.g., 32.16)) c. Using the one-year cumulative repricing gap model, what is the change in the expected net interest income for a 3 percent increase in interest rates? (Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to decimal places. (e.g. 32.16)) a. b. Net interest income Net interest income Change in net interest income million million million C. 24 16 8

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