w b. You are the recently appointed CEO of Fidelity Bank whose balance sheet is shown below millions). The average cost of deposits is 5% percent and the average yield on loans is 8% percent. Increases in interest rate rates are expected to cause a net deposit drain of $20 millio in core deposits over the year. To address this issue, you have the option to either reduce you loan portfolio to offset this expected decline in deposits OR you may issue new short-term debt at a rate of 7% to offset the expected deposit drain. Write a brief report to your board explaining the decision you would make and why. This should report should include detailed calculations in support of your decision. w b. You are the recently appointed CEO of Fidelity Bank whose balance sheet is shown below millions). The average cost of deposits is 5% percent and the average yield on loans is 8% percent. Increases in interest rate rates are expected to cause a net deposit drain of $20 millio in core deposits over the year. To address this issue, you have the option to either reduce you loan portfolio to offset this expected decline in deposits OR you may issue new short-term debt at a rate of 7% to offset the expected deposit drain. Write a brief report to your board explaining the decision you would make and why. This should report should include detailed calculations in support of your decision