The Harris State Bank has $2,000 in total assets (all of which are earning assets), $500 of which will be repriced in the next 90 days. This bank also has $1,600 in total liabilities, $1,000 of which will be repriced in 90 days. The bank currently earns 9 percent on its assets and pays 4 percent on its liabilities.
A. 4.2 percent
B. 5.3 percent
C. 5.8 percent
D. 6.2 percent
E. 7.8 percent