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A1 = Asset 1 etc. L1 = Liability 1 etc. A1 with value of $3 million and duration of 2years A2 with value of $2

A1 = Asset 1 etc. L1 = Liability 1 etc. A1 with value of $3 million and duration of 2years A2 with value of $2 million and duration of 6 years A3 with value of $1 million and duration of 8 years The liability includes: L1 with value of $4 million and duration of 20 years L2 with value of $2 million and duration of 30 years What is the liability value change in million dollars if interest rate decreases by 1%?

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