commercial banking

QUESTIONS A bond has a Macaulay's duration of 12.7 years. If rates changes from 49% to 4.5%, what will be the age change bonds price? Please write the answer in TWO decimal places and NOT PERCENTAGE. Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 60,000 1,000,000 3-Yr Commercial Loans 5.1% 5-Yr Loans 4.6 % 3,500,000 1,000,000 4-Yr T-bonds 3 % Total 5,560,000 Using above information compute the Weighted average duration of assets (WADA) for MCB Bank. Please write the answer in Three decimal places and NOT PERCENTAGE