A, B, C, D PLS

Hedge Row Bank has the following balance sheet (in millions): Assets $ 240 Liabilities Equity $ 248 Total $ 168 72 $ 240 Total The duration of the assets is 5 years and the duration of the liabilities is 2.8 years. The bank is expecting interest rates to fall from 11 percent to 10 percent over the next year. a. What is the duration gap for Hedge Row Bank? (Round your answer to 2 decimal places. (e.g., 32.16)) b. What is the expected change in net worth for Hedge Row Bank if the forecast is accurate? (Enter your answer in millions rounded to 3 decimal places. (e.g. 32.161)) c. What will be the effect on net worth if Interest rates increase 100 basis points? (Negative amount should be indicated by a minus sign. Enter your answer in millions rounded to 3 decimal places. (e.g., 32.161)) d. If the existing interest rate on the liabilities is 7 percent and that on the assets is 11 percent, what will be the effect on net worth of a 1 percent increase in interest rates? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions rounded to 4 decimal places. (e.g. 32.1616)) a b. Duration gap Expected change in net worth Expected change in net worth Expected change in net worth c years million million million d