QUESTION 2 Duration Bank has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually Amount Annual Liabiities (S millions) Rate Assets 2-year loans 3-year loans 60 8% S-year term deposit$30 6% Total Rate 7% $40 8% 3-year CD $60 | $100 $10 S100 Total What is the change in the value of its liabilities if all interest rates decrease by 1 percent? O Approximately $2.003 million. Approximately -$2.355 million Approximately $2697 million. Approximately $2.906 million. Approximately $3211 million