46) You have gathered the following market value and duration information on the Eastern Bank:

Calculate the duration of the bank's assets and of its liabilities.

Assets:	Market Value in Millions	Duration
Overnight Money	3.1	0
1-yr Treasury Sec.	7.4	0.6
Loans	18.6	2.1
Mortgages	9.3	7.6
	35.3
Liabilities:	Market Value in Millions	Duration
Checking	14.6	0
Short-term CDs	4.1	0.3
Long-term CD's	11.6	3.1
	15.7