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The current interest rate is 2 % . A bank has $ 6 2 of assets. These assets have an average duration of 1 3

The current interest rate is 2%. A bank has $62 of assets. These assets have an average duration of 13.8. How many assets will the bank have if the Fed raises interest rates by 5.8%?
Note: your answer should have at least two decimal places.
(the correct answer is 13.3482) please show me how you get that

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