You've just become the assistant head of the mortgage department at Effort Trust (ET) on Yonge Street. Based on the rumor of your financial expertise, your new supervisor has also developed a significant fear of interest rate risk. He asks you to estimate the dollar loss in equity that ET would suffer if interest rates uniformly increase by 1.00% from their current values. You summon Igor, your trusty assistant, from his basement office for help with the required data. He tells you that ET's assets are currently worth $10,000,000.00, it's liabilities are worth $9,500,000.00, and the respective duration measures for ET's assets and liabilities are Da = 3 and Di = .5. Based on Igor's data, what do you report as the equity loss to your supervisor? $12, 543.11 $5, 334.18 $352,500.00 $90, 500.23 $280,000.20 You've just become the assistant head of the mortgage department at Effort Trust (ET) on Yonge Street. Based on the rumor of your financial expertise, your new supervisor has also developed a significant fear of interest rate risk. He asks you to estimate the dollar loss in equity that ET would suffer if interest rates uniformly increase by 1.00% from their current values. You summon Igor, your trusty assistant, from his basement office for help with the required data. He tells you that ET's assets are currently worth $10,000,000.00, it's liabilities are worth $9,500,000.00, and the respective duration measures for ET's assets and liabilities are Da = 3 and Di = .5. Based on Igor's data, what do you report as the equity loss to your supervisor? $12, 543.11 $5, 334.18 $352,500.00 $90, 500.23 $280,000.20