Based on a companys balance sheet, the asset includes:

A1 with value of $3 million and duration of 2years

A2 with value of $2 million and duration of 6 years

A3 with value of $1 million and duration of 8 years

The liability includes:

L1 with value of $4 million and duration of 20 years

L2 with value of $2 million and duration of 30 years

What is the liability value change in million dollars if interest rate decreases by 1 basis point?

		$ 0.03
		$ 14.65
		$ 4.33
		$ 23.33
		$ 0.014
		$ 6.45
		$ 10.31