Use the Following Table to Answer the Question

question 67

Multiple Choice

Use the following table to answer the question :

-Assuming that the average duration of its assets is five years,while the average duration of its liabilities is three years,then a 5 percentage point increase in interest rates will cause the net worth of First National to decline by ________ of the total original asset value.

• A)5 percent
• B)10 percent
• C)15 percent
• D)25 percent

---

Definitions:

Daily Log

A record maintained on a daily basis, listing activities, completed tasks, and noteworthy events, often used for personal or professional tracking.

Follow-up Correspondence

The exchange of communication that occurs after an initial meeting or conversation, aiming to continue dialogue or confirm outcomes.

Address

A specific location or a set of descriptive details that identifies where a person lives or an organization is situated.

Initials

The first letters of a person's first, middle, and sometimes last names, often used to sign documents in a simplified form.