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The duration of a bank's assets is 2 . 1 years and the duration of its liabilities is 1 . 6 years. The bank has

The duration of a bank's assets is 2.1 years and the duration of its liabilities is 1.6 years. The bank has total equity of $63 million and total assets of $842 million. Interest rates are at 6.5 percent. If interest rates increase 100 basis points, the predicted dollar change in equity value will equal

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