What is the change in the value of its liabilities if all interest rates decrease by 1 percent?
A)Approximately $2.003 million.
B)Approximately -$2.355 million.
C)Approximately $2.697 million.
D)Approximately $2.906 million.
E)Approximately $3.211 million.
[Refer to: 8-113]

Question

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The Answer of What is the change in the value of its liabilities if all interest rates decrease by 1 percent?
A)Approximately $2.003 million.
B)Approximately -$2.355 million.
C)Approximately $2.697 million.
D)Approximately $2.906 million.
E)Approximately $3.211 million.
[Refer to: 8-113]

What Is the Change in the Value of Its Liabilities