Show your works please.

2. TD Bank has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually. Assets 2-year loans 3-year loans Amount Annual Liabilities ($ millions) Rate $ 40 8 % 3-year GIC $ 60 8 % 5-year term deposit Equity $100 Total Amount Annual ($ millions) Rate $ 60 7 % $ 30 6% $ 10 $100 Total a. What is the change in the value of its assets if all interest rates decrease by 1 percent?- b. What is the change in the value of its liabilities if all interest rates decrease by 1 percent?- c. What is the effect on the value of the Fi's equity if interest rates decrease by 1 percent