1.A DI has the following assets in its portfolio: $20 million in cash reserves with the Reserve Bank, $20 million in T-notes, and $50 million in mortgage loans. If the assets need to be liquidated at short notice, the DI will receive only 99 per cent of the fair market value of the T-bills and 90 per cent of the fair market value of the mortgage loans. Estimate the liquidity index using the above information. LO 14.4