What is the current income gap for second national bank

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The following financial statement is for the current year. From the past, you know that 10% of fixed-rate mortgages prepay each year. You also estimate that 10% of checkable deposits and 20% of savings accounts are rate-sensitive.

What is the current income gap for Second National Bank? What will happen to the bank's current net interest income if rates fall by 75 basispoints?

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Reference no: EM131129228

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