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The information of Maximum Savings Bank is given below: Average duration of assets equals 4.8 years Market value of assets equals $2,307,331 Average duration of
The information of Maximum Savings Bank is given below: Average duration of assets equals 4.8 years Market value of assets equals $2,307,331 Average duration of liabilities equals 3.1 years Market value of liabilities equals $1,913,526 Weighted average asset returns 8.9% Compute the duration of equity if interest rate decreases by 63 basis points. Please round the answer until TWO decimal places. The information of Maximum Savings Bank is given below: Average duration of assets equals 4.8 years Market value of assets equals $2,307,331 Average duration of liabilities equals 3.1 years Market value of liabilities equals $1,913,526 Weighted average asset returns 8.9% Compute the duration of equity if interest rate decreases by 63 basis points. Please round the answer until TWO decimal places
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