26. Given the estimates of duration in Table 2, what will happen to the Friendly Finance Company's...

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26. Given the estimates of duration in Table 2, what will happen to the Friendly Finance Company's net worth if interest rates rise by 3 percentage points? Will the company stay in business? Why or why not?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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