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A bank has DA = 2.5 years, DL = 0.6 years and k = 89%. Assets are equal to $1,500 million. According to the duration

A bank has DA = 2.5 years, DL = 0.6 years and k = 89%. Assets are equal to $1,500 million. According to the duration gap model, what size interest rate change would make the institution insolvent if rates are currently 6%?

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