Suppose a bank holds a $3,000,000, 5 year annual bond with a 6.5% coupon. The bank pays for this bond with a$3,000,000 1 year CD with an annual interest rate of 2.45% interest. What is the asset value if interest rates rise by 75 basis points?

Group of answer choices

2,906,497.21

2,908,359.82

3,093,502.79

3,095,426.27

What is the liability value if interest rates rise by 75 basis points?

Group of answer choices

3,022,123.89

3,021,961.93

2,978,197.67

2,978,038.07