The T-account below shows the balance sheet of Santander. Assets Reserves Loans Securities $200 million Liabilities $10 million Deposits $400 million Borrowings from $500 million other banks $20 million Borrowings from the Fed Bank capital $50 million $40 million The assets of Santander heve an average duration of 8 years. The liabilities of Santander have an average duration of 3 years. Based on the balance sheet above, if interest rate decreases by 5.2%, what is the change in net worth (in millions of $) of the bank? Round your answer to at least 2 decimal places. An increase in net worth should be entered as a positive number and a decrease in net worth should be entered as a negative number. (Eg. A decrease of $12,345,678 in net worth should be entered as -12.35)

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…