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3. The duration of the assets of your bank is 5.3 years and the duration of your liabilities is 2.1 years. You are a bank

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3. The duration of the assets of your bank is 5.3 years and the duration of your liabilities is 2.1 years. You are a bank manager and your bank has $110,000 in assets and $10,000 million in equity. Suppose the current interest rate is 3% and the Fed decides to increase rates by 25 basis points. What is the change in your bank's net worth

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