b) What is the effective duration and convavit, far Assume an interest rate rise of 100bp ( 6 marks) c) James Malone, CFA covers GNTX stock, which is currently trading at $45.00 and just paid a dividends of $1.40. Malone expects the dividend growth rate to decline linearly over the next 6 years from 25% in the short un to 6% in the long run. Malone estimates the required return on GNTX to be 13%. What is the value of GNTX? (7 marks)