4. Leland Thrift Association reports an average asset duration of 4.5 years, an average liability duration of 3.25 years. The bank has total assets of $1.8 billion and liabilities totaling $1.5 billion. If interest rates rise from 7 percent to 9 percent, how will Leland's net worth change? What if interest rates fall from 7 to 5 percent?

4. Leland Thrift Association reports an average asset duration of 4.5 years, an average liability duration of 3.25 years. The bank has total assets of $1.8 billion and liabilities totaling $1.5 billion. If interest rates rise from 7 percent to 9 percent, how will Leland's net worth change? What if interest rates fall from 7 to 5 percent