7. HSBC has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually Assets 2-year loans 3-year loans Amount Annual Liabilities Amount Annual ($ millions) Rate ($ millions) Rate $ 40 8 % 3-year GIC $ 60 7% $ 60 8 % 5-year term deposit $ 30 6 % Equity $ 10 $100 Total | $100 Total a. What is the weighted average maturity of the assets of the FI? b. What is the weighted average maturity of the liabilities of the FI? c. What is the FI's maturity gap