donsider a bank with the following balance sheet (M means million): Assets Syr bond bought at a yield of 3.4% (lending money) Value $550M Duration of the Asset 4.562 Convexity of the Asset 12.026 $800M 9.453 53.565 12yr bond bought at a yield of 4% (lending money) Value $300M Duration of the Liability 1.941 Convexity of the Liability 2.384 Liabilities 2yr bond sold at a yield of 2.4% (borrowing money) 4yr bond sold at a yield of 2.8% (borrowing money) $SOOM 3.759 8.206 d) In c)'s scenario, to maintain the equity to asset ratio at 40% which is required by the regulation, the bank decides to raise cash (zero duration and zero convexity) from the equity holders. How much cash does the bank need to raise? (10 marks)