EFU Insurance has reported the following balance sheet (in thousands):

Assets	Liabilities
6 year treasury note 200	3 year commercial paper 200
10 year munis 140	8 year note 100
	Equity 40
Total 340	Total 340

All securities are selling at 95% of par value. The six-year notes are yielding 4.5 percent, and the 10-year munis are yielding 8.9 percent. The three-year commercial paper pays 5.4 percent, and the eight-year notes pay 7.8 percent. All instruments pay interest semi-annually.

a. What is the weighted-average maturity of the assets for company?

b. What is the weighted-average maturity of the liabilities for company?

c. What is the maturity gap for company?

d. What does your answer to part (c) imply about the interest rate risk exposure of company?

e. Calculate the values of all four securities on companys balance sheet assuming that all interest rates increase 2.4 percent. What is the dollar change in the total asset and total liability values? What is the percentage change in these values?

f. What is the dollar impact on the market value of equity for company? What is the percentage change in the value of the equity?