Question: The current interest rate is 2 % . A bank has $ 3 5 of assets. These assets have an average duration of 1 3

The current interest rate is 2%. A bank has $35 of assets. These assets have an average duration of 13.5. How many assets will the bank have if the Fed raises interest rates by 3.0%?
Note: your answer should have at least two decimal places.
The current interest rate is 2%. A bank has $35 of

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