A financial institution has assets of $1 million invested in 30-year, 10 percent semiannual coupon Treasury bonds selling at par and whose duration has been estimated at 12.11 years. It has liabilities of $800,000 financed through a two-year, 6 percent semiannual coupon note selling at par. 1. Calculate the leverage-adjusted duration gap of the financial institution. (Keep two digits after the decimal point) 2. What is the impact on equity values if all interest rates increase 75 basis points-that is, - 0.75%. AR 1+R