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Suppose the Trevor Bank has $1.1 billion in assets with a modified duration of 6 and $1.0 billion in liabilities with a modified duration of
Suppose the Trevor Bank 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 Trevor's equity value?
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