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2 3 . A bank has DA = 2 . 5 years and DL = 1 . 2 years. The bank has total equity of

23. A bank has DA =2.5 years and DL =1.2 years. The bank has total equity of $80 million and total assets of $820 million. Interest rates are at 10%. If interest rates rise 100 basis points the predicted dollar change in equity value will equal (to the nearest dollar)
a. $10,563,636
b.-$10,563,636
c.-$9,690,909
d. $9,690,909
e. $3,526,000

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