Problem 19-3 (LG 19-1) If a bank invested $70 million in a two-year asset paying...
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Problem 19-3 (LG 19-1) If a bank invested $70 million in a two-year asset paying 12 percent interest per year and simultaneously issued a $70 million one-year liability paying 9 percent interest per year, what would be the impact on the bank's net interest income if, at the end of the first year, all interest rates increased by 2 percentage point? (Input the amount as a positive value. Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places. (e.g., 32.16)) Net interest income will (Click to select) by $ million
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