If interest rates increase 3 percent and the average


If interest rates increase 3 percent and the average duration of a bank’s $100 million of assets is 4 years, the value of those assets will fall:

a. $3.000.000

b. $4.000.000

c. $1.000.000

d. $12.000.000

Request for Solution File

Ask an Expert for Answer!!
Financial Management: If interest rates increase 3 percent and the average
Reference No:- TGS01406267

Expected delivery within 24 Hours