Consider the following.

a$.$ Calculate the leverage$-$adjusted duration gap of an $FI$ that has assets of $$2\mathrm{.}2$ million invested in $25-$year, $10$ percent semiannual coupon Treasury bonds selling at par and whose duration has been estimated at $10\mathrm{.}06$ years. It has liabilities of $$1,020,000$ financed through a two$-$year, $6\mathrm{.}25$ percent semiannual coupon note selling at par.

b$.$ What is the impact on equity values if all interest rates fall $20$ basis points$-$that is$,\frac{R}{1+\frac{R}{2}}=-0\mathrm{.}0020?$

$($For all requirements, do not round intermediate calculations. Round your answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.,$Leveraged adjusted duration gap,,$9\mathrm{.}13ox,$years$],[$b$.,$Change in net worth using leveraged adjusted duration gap,$$,40,183\mathrm{.}52ox,]]$