The market value of liabilities is $320 million and the present value of assets is $300 million. If the modified duration of liabilities is 2.5, and the modified duration of assets is 2. Question 5 ( 10 points) What are the funding gap and the funding gap ratio? Question 6 ( 10 points) The funding gap interest-rate risk is closest to $3,000,000$2,000,000$2,000,000 Question 7 (10 points) Assuming everything else unchanged, instead of 2, the duration of assets for the portfolio to be immunized against interest-rate risk should be closest to 2.67 3.50 2.50