The information of Maximum Savings Bank is given below: Average duration of assets equals 4.1 years Market value of assets equals $2,131,153 Average duration of liabilities equals 3.3 years Market value of liabilities equals $1,940,577 Weighted average asset returns 7.9% Compute the duration of equity if interest rate decreases by 66 basis points. Please round the answer until TWO decimal places.

The information of Maximum Savings Bank is given below: Average duration of assets equals 4.1 years Market value of assets equals $2,131,153 Average duration of liabilities equals 3.3 years Market value of liabilities equals $1,940,577 Weighted average asset returns 7.9% Compute the duration of equity if interest rate decreases by 66 basis points. Please round the answer until TWO decimal places. The information of Maximum Savings Bank is given below: Average duration of assets equals 4.1 years Market value of assets equals $2,131,153 Average duration of liabilities equals 3.3 years Market value of liabilities equals $1,940,577 Weighted average asset returns 7.9% Compute the duration of equity if interest rate decreases by 66 basis points. Please round the answer until TWO decimal places