Consider the following balance sheet for the bank XVZ: Assets 12 million, and Liabilities 10 million. The yield to maturity of assets is 6% and the Duration of assets is 5.5 years. The yield to maturity of liabilities is 5% and the duration is 2 years. What is the duration gap (round your calculations into two digits)?

a.

4.45

b.

3.61

c.

7.45