The Raymond Burr National Bank has $1,000 in assets with anaverage duration of 5 years. This bank
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The Raymond Burr National Bank has $1,000 in assets with anaverage duration of 5 years. This bank has $800 in liabilities withan average duration of 6.25 years. Market interest rates start at 6percent and fall by 1 percent. What is the change in net worth ofthis bank?
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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