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You calculate that the duration of the assets of your bank is 7.3 years and the duration of your liabilities is 4.7 years. You currently

You calculate that the duration of the assets of your bank is 7.3 years and the duration of your liabilities is 4.7 years. You currently have $85 million in liabilities and $5 million in equity. If you hold the duration of your assets at 7.3 years, what must you change the duration of your liabilities to in order to be immunized against interest rate risk?

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