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Following is the asset side of the balance sheet of AlMinara Bank, a hypothetical company, Bank wars to compute weighted average ratum on to as

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Following is the asset side of the balance sheet of AlMinara Bank, a hypothetical company, Bank wars to compute weighted average ratum on to as to compute sconomic value of equity. Assets USD Rates Weights Cash and due from other banks 50000 0.1205 Time deposits 17000 2% 0.0169 Treasury Bills 100000 1% 0.2410 Marketable securities 5000 1% 0.0120 Commercial Papers 4000 3% 0.0096 Loans 150000 3.50% 0.3614 Treasury Bonds 99000 2.50% 0.2386 Total Assets 415000 1.0000 If bank's Duration GAP 1.9 years and interest goes down by 1.4%, what will be the change in the economic value of Bank's equity

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