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Use the following information to answer the question(s) below.
You are a risk manager for Security First Trust Savings and Loan (SFTSL) .SFTSL's balance sheet is as follows (in millions of dollars) : The duration of the auto loans is three years and the duration of the mortgages is eight years.Both cash reserves and checking and savings have zero duration.The CDs have a duration of two years and the long-term financing has a ten-year duration.
-If interest rates are currently 5%,but fall to 4%,your estimate of the approximate change in SFTSL equity is closest to:
Heme
Oxygen-carrying, color-furnishing part of hemoglobin.
Thrombocytes
are blood cells, also known as platelets, involved in blood clotting.
Connective Tissue
Connective tissue supports, binds together, and protects tissues and organs of the body; it includes types such as bone, cartilage, and blood.
Diapedesis
The passage of blood cells through the intact walls of the capillaries, typically accompanying inflammation.
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