8 Question 7 Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 60,000 3-Yr Commercial Loans 1,000,000 5.7% 5-Yr Loans 3,500,000 4.1 % 4-Yr T-bonds 1,000,000 2.9% Total 5,560,000 Using above information compute the weighted average duration of assets (WADA) for MCB Bank Please write the answer in three decimal places and NOT PERCENTAGE