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The next three questions utilize the following balance sheet: Assets Liabilities Duration = 1 year $70m Duration = 3.3 years $80m Equity $10m What is

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The next three questions utilize the following balance sheet: Assets Liabilities Duration = 1 year $70m Duration = 3.3 years $80m Equity $10m What is the approximate impact on the FI's equity value if all interest rates decreased by 1 percent? That is, if AR/(1+R) = -.01 $2 Million $6 Million O Zero O $2 Million $4 Million

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