The Raymond Burr National Bank has $1,000 in assets with an average duration of 5 years.This bank has $800 in liabilities with an average duration of 6.25 years.Market interest rates start at 6 percent and fall by 1 percent.What is the change in net worth of this bank?
A)$11.29
B)-$11.29
C)$0
D)-$22.22
E)$22.22

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The Answer of The Raymond Burr National Bank has $1,000 in assets with an average duration of 5 years.This bank has $800 in liabilities with an average duration of 6.25 years.Market interest rates start at 6 percent and fall by 1 percent.What is the change in net worth of this bank?
A)$11.29
B)-$11.29
C)$0
D)-$22.22
E)$22.22

The Raymond Burr National Bank Has $1,000 in Assets with an Average