You calculate that the duration of the assets of your bank is 6.5 years and the duration of your liabilities is 4.5 years. You currently have $80 million in liabilities and $5 million in equity. Calculate the new value of your assets if interest rates were to increase from 5% to 7%.

95.52

74.48

74,476,190.48

95,523,809.52

None of the above

Please explain how you got to your answer.