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3. Spring Bank has assets totaling $180 million with a duration of 5 years, and liabilities totaling $160 million with a duration of 2 years.

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3. Spring Bank has assets totaling $180 million with a duration of 5 years, and liabilities totaling $160 million with a duration of 2 years. If interest rates drop from 9 percent to 8.25 percent, what is the new bank capital? And what is the new total asset

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