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Hello, doing an assignment for a banking subject. Being asked to calculate the DEAR on a portfolio with both assets and liabilities is the dollar

Hello,

doing an assignment for a banking subject. Being asked to calculate the DEAR on a portfolio with both assets and liabilities is the dollar market value of the position in this case the market value of assets minus market value of liabilities. just confused as DEAR assess earnings, do we need to take into account liabilities

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