A bank has an average asset duration of 4.7 years and an average liability duration of 3.3 years. This bank has $750 million in total assets and $500 million in total liabilities. This bank has a leverage adjusted duration gap of: A. A positive duration gap of 8.0 years. B. A negative duration gap of 2.5 years. C. A positive duration gap of 1.4 years. D. A positive duration gap of 2.5 years. E. None of the above.

Please work out. The correct answer is D.