(1) Calculate the leverage correction validity gap of the following financial institutions. It has $1,000, 000 in assets invested in 30-year Treasury bills with a 10% coupon that pays semiannual interest and is sold at face value with an estimated maturity of 9.94 years. It also has a liability of $900,000, which is financed through a two-year bond with an interest rate of 7.25 per cent, which pays interest semiannually and is sold at face value.

（2）B. If all interest rates fall by 20 basis points --that is, , what will be the effect on equity?