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Question 41 6 pts The following information applies to BaldwinTronics Bank: Treasury bills $90 Time deposits $1,100 Treasury notes $55 Fed funds sold $230 Treasury

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Question 41 6 pts The following information applies to BaldwinTronics Bank: Treasury bills $90 Time deposits $1,100 Treasury notes $55 Fed funds sold $230 Treasury bonds $176 Demand deposits $2,500 Loans $4,679 Equity $1,170 The numbers provided are in thousands of dollars. Notes: All Treasury bills have six months until maturity. Treasury notes have an average duration of 4.3 years. Treasury bonds have an average duration of 12.5 years and the loan portfolio has a duration of 7 years. Time deposits have a 5-year duration, the Fed funds duration is .003 years, and the demand deposits have a duration of O years. If AR/(1+R) = -50 basis points, calculate the impact on the BaldwinTronics Bank's market value of equity using the duration approximation. (6 pts.) Please express your answer in thousands without a $. For example, if your answer is $252,500, you would enter your answer as 252.5

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