Assume Valley of Heart's Delight Bank in 2021 had $2B in unsecuritized, 30 yr fixed rate mortgages on its balance sheet with a 3.5% mortgage rate and a duration of 7. These mortgages were funded with $1.8B in short term, floating rate overnight deposits derived from tech companies. The rate on the deposits was 1.5%. What was the net interest income for VHD bank in 2021 ?

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To calculate the net interest income for Valley of Hearts Delight VHD Bank in 2021 we need ... View the full answer