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6. Given the following information, calculate the duration of assets and liabilities. (1 point) Assets Amount Rate Duration Cash 90 Loans 800 12% 2 years
6. Given the following information, calculate the duration of assets and liabilities. (1 point)
Assets Amount Rate Duration
Cash 90
Loans 800 12% 2 years
Treasuries 110 9% 8 years
Liabilities and Equity
Time deposits 500 6% 1.75 years
CDs 425 8% 2.50 years
Equity 75
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