Consider the following balance sheet for a financial institution: Assets Liabilities and Equity Equity =$1000 1. What is the duration of the Fl's assets (DA) ? 2. What is the duration of the Fl's liabilities (D1) ? 3. What is the Fl 's duration gap (DAkDL) ? 4. What is the impact on the Fl's equity value if the relative change in interest rates is an increase of 2% (i.e., R/(1+R)=.02 ). 5. Describe an appropriate hedge for this type of risk (you can, but you do not have to, provide more than one possibility)