Question: 20 First Duration, a securities dealer, has a leverage-adjusted duration gap of 1.21 years, $60 million in assets, 7 percent equity to assets ratio, and

First Duration, a securities dealer, has a leverage-adjusted duration gap of 1.21 years, $60 million in assets, 7 percent equity to assets ratio, and market interest rates are 8 percent. What is the impact on the dealer's market value of equity if the change in all interest rates is an increase of 0.5 percent? O a. +$336,111. Ob. $0.605. OC. -$336,111. O d. +$0.605

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