6.9 6.10 6.11 6.12 6.13 6.14 6.15. What is the duration of the 1 year Certicates of Deposit if they pay 2.75% p.a. interest, compounded annually? What is the duration of the 2 year commercial loans if they are selling at par? (Assume annual coupon payments.) What is the duration of the bank's assets, DA? What is the duration of the bank's liabilities, DL? What is the bank's duration gap DG? What is the impact on the bank's equity values if interest rates decrease 50 basis points from 5%? How is this bank exposed to (i.e. to falling or rising interest rate changes)? How can the bank use direct renancing to restructure the maturities of its assets 0r/and liabilities that would modify the D6 and reduce its exposure to interest rate changes