Use the following Information about Bank X: Assets Amount Rate Macaulay's Duration (years) ? Cash Bonds Commercial Loans E100,000? 200,000 7.5% 200.000 10.0% 3.5 8.0 Liabilities & Equity Amount Rate Small time deposits Large CDs Transaction accounts Equity 50,000 1.0% 100.000 6.0% 300,000 4.5% 50,000 Macaulay's Duration (years) 1.0 2.0 3.0 it interest rates drop by 1 percentage point for all assets and liabilities, what is the approximate expected change in the economic value of equity? $10.748 $8.879 $10,748 SB.879