2. Gunnison Insurance has reported the following balance sheet (in thousands): 6 points) Assets Liabilities and Equity 2-year Treasury note $175 1-year commercial paper $135 15-year munis $165 5-year note $160 Equity $45 Total Assets $340 Total Liabilities & Equity $340 All securities are selling at par equal to book value. The two-year notes are yielding 5 percent, and the 15-year munis are yielding 9 percent. The one-year commercial paper pays 4.5 percent, and the five-year notes pay 8 percent. All instruments pay interest annually. (5 points) a. What is the weighted-average maturity of the assets for Gunnison? b. What is the weighted-average maturity of the liabilities for Gunnison? c. What is the maturity gap for Gunnison? d. Calculate the values of all four securities of Gunnison Insurance's balance sheet assuming that all interest rates increase 2 percent. What is the dollar change in the total asset and total liability values? What is the percentage change in these values? e. What is the dollar impact on the market value of equity for Gunnison? What is the percentage change in the value of the equity? 2. Gunnison Insurance has reported the following balance sheet (in thousands): 6 points) Assets Liabilities and Equity 2-year Treasury note $175 1-year commercial paper $135 15-year munis $165 5-year note $160 Equity $45 Total Assets $340 Total Liabilities & Equity $340 All securities are selling at par equal to book value. The two-year notes are yielding 5 percent, and the 15-year munis are yielding 9 percent. The one-year commercial paper pays 4.5 percent, and the five-year notes pay 8 percent. All instruments pay interest annually. (5 points) a. What is the weighted-average maturity of the assets for Gunnison? b. What is the weighted-average maturity of the liabilities for Gunnison? c. What is the maturity gap for Gunnison? d. Calculate the values of all four securities of Gunnison Insurance's balance sheet assuming that all interest rates increase 2 percent. What is the dollar change in the total asset and total liability values? What is the percentage change in these values? e. What is the dollar impact on the market value of equity for Gunnison? What is the percentage change in the value of the equity