The bank of americai has 10 million in rate-sensitive, Ask an Expert

Finance

The Bank of Americai has $10 million in rate-sensitive assets and $12 million in rate-sensitive liabilities.

a) Calculate Bank of America gap.

b) By how much will the bank’s profits change if interest rates increase by 2%? Will profits increase or decrease?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92832551

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