The balance sheet of a financial institution whose liabilities are debt financing and whose assets are loans is shown

	Modified Duration	Amount (millions of $)
Assets	5.00	$101.56
Liabilities	5.30	$80.32
Equity		$21.24

How much does the equity value change by when interest rates increase by 10 basis points?

What is the modified duration of the financial institutions equity?

Please provide your answer justification in excel if applicable and show all formulas. If not a detailed written response is acceptable. I will like if correct and the explanation is sufficient!