Your firm has 1,500,000 in stock assets with a duration of 16 and 500,000 in cash with a duration of 0. Your firm has issued a debt with a present value of of 1,800,000 and a duration of 14. The yield curve is flat at 4.50% A. What is the duration of the equity? B. Your firms risk management team is concerned that interest rates will change to 4.85. using duration analysis, how much would you estimate the value of your equity will change if interest rates were to change to 4.85%? C. if you wanted to immunize the value of your firms equity(i.e. set it's duration=0) how much would you need to have invested in cash and how much would you need invested in stock assets in order to achieve this goal?