Solution-Expected change in income

Expected change in income

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Reference no: EM133111660

Rockets Bank has a gap of -28 million dollars. According to the bank's analyst, interest rates are going up in the future. To accommodate this situation Rockets decided to increase the number of short-term loans by 10 million dollars. If interest rates rise from 4% to 6%, what is the expected change in income? For example, if the expected change in income is 1.2 million dollars, type 1.2 in the box below.

Reference no: EM133111660

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Expected change in income

Reference no: EM133111660

Reference no: EM133111660

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