Question: an fi has da = 2.45 years and dl = 1.97 years. the fi has total assets equal to $375 million and total liablities to

an fi has da = 2.45 years and dl = 1.97 years. the fi has total assets equal to $375 million and total liablities to 225 million. the fi wishes to fully immunize its balance sheet by hedging with t-bond futures that have a market value of $115,000 and a duration of 5 years. how many contracts are needed and should the fi buy or sell them. 826: sell 826: buy 825: sell 825: buy 827: buy

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