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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 $2,451,745 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 $2,451,745 Average duration of liabilities equals 3.6 years Market value of liabilities equals $1,916,442 Weighted average asset returns 7.4% 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 4.8 years Market value of assets equals $2,451,745 Average duration of liabilities equals 3.6 years Market value of liabilities equals $1,916,442 Weighted average asset returns 7.4% Compute the duration of equity if interest rate decreases by 66 basis points. Please round the answer until TWO decimal places
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