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Based on your calculations from questions 3 and 5 , now calculate the total change in value of the bank's 3 year consumer loans (

Based on your calculations from questions 3 and 5, now calculate the total change in value of the bank's 3 year consumer loans (Asset) and the change in total value of the bank's 2 year CD (Liability) if yields to maturity (interest rates) increase by 2.5% for both these two accounts. When calculating the modified duration assume all payments are made yearly for both the 3 year loans and the 2 year CD. Assume that the book value (amount shown on the balance sheet) of the 3 year consumer loans is $3,400,000, and the current book value for 2 year CD is $9,800,000.

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