no excel please

9. Estimate the duration of Loan M and Deposit N Cash = $ 50 Loan M (5%, 6 years) = $200 Total Assets $250 Bank Balance Sheet Deposit N (3 years, 3%) = $ 200 Equity = $50 Total Liabilities $ 250 = a. Estimate the duration of Loan M and Deposit N. b. Using the duration formula, estimate the change in the value of the equity if interest rates are expected to increase by 2%. c. Estimate the convexity of Loan M. d. Using the duration plus convexity formula, estimate the change in the value of Loan M if interest rates are expected to increase by 2%. There is no need to estimate the convexity of Deposit N. 9. Estimate the duration of Loan M and Deposit N Cash = $ 50 Loan M (5%, 6 years) = $200 Total Assets $250 Bank Balance Sheet Deposit N (3 years, 3%) = $ 200 Equity = $50 Total Liabilities $ 250 = a. Estimate the duration of Loan M and Deposit N. b. Using the duration formula, estimate the change in the value of the equity if interest rates are expected to increase by 2%. c. Estimate the convexity of Loan M. d. Using the duration plus convexity formula, estimate the change in the value of Loan M if interest rates are expected to increase by 2%. There is no need to estimate the convexity of Deposit N