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Suppose the Hunter Bank of Pullman has $1.1 billion in assets with a modified duration of 6 and $1.0 billion in liabilities with a modified

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Suppose the Hunter Bank of Pullman has $1.1 billion in assets with a modified duration of 6 and $1.0 billion in liabilities with a modified duration of 0.44. If interest rates fall by 1% approximately what is the impact on Hunter's equity value? O A. falls by 6.4% B. increases by 6.4% C. increases by 5.6% D. falls by 5.6%

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