Question: QUESTION 28 An FI has DA = 2.45 years and DL = 1.97 years. The FI has total assets equal to $375 million and total

QUESTION 28 An FI has DA = 2.45 years and DL = 1.97 years. The FI has total assets equal to $375 million and total liabilities equal 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? O 826; sell O 826; buy 825; sell O 825; buy O 827; buy

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