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27 of 60 > This question: 10 point(s) poss Suppose a bank has a gap of $60 million dollars. If interest rates rise by 2%,

27 of 60 > This question: 10 point(s) poss Suppose a bank has a "gap" of $60 million dollars. If interest rates rise by 2%, then the change in profits is $ million (Round your response to the nearest who. Using duration analysis, if a bank's assets have an average duration of four years and the interest rate rises by 2%, then the percentage change in the bank's asset response to the nearest whole number)

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