Consider the following. a. Calculate the leverage-adjusted duration gap of an FI that has assets of $1.8 million invested in 30-year, 11 percent semiannual coupon Treasury bonds selling at par and whose duration has been estimated at 10.02 years. It has liabilities of $980,000 financed through a two-year, 9.25 percent semiannual coupon note selling at par. b. What is the impact on equity values if all interest rates fall 20 basis pointsthat is, R/(1 + R/2) = 0.0020? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

a. Leveraged adjusted duration gap?

b. Change in net worth using leveraged adjusted duration gap?