8-99 What is the change in the value of its liabilities if all interest rates decrease by 1 percent?
A)Approximately $2.0 million.
B)Approximately $2.3 million.
C)Approximately $2.6 million.
D)Approximately $2.9 million.
E)Approximately $3.2 million.

Question

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The Answer of 8-99 What is the change in the value of its liabilities if all interest rates decrease by 1 percent?
A)Approximately $2.0 million.
B)Approximately $2.3 million.
C)Approximately $2.6 million.
D)Approximately $2.9 million.
E)Approximately $3.2 million.

8-99 What Is the Change in the Value of Its