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A bank has $50 million in assets, $45 million in liabilities and $5 million in shareholders' equity. If the duration of its assets are 3
A bank has $50 million in assets, $45 million in liabilities and $5 million in shareholders' equity. If the duration of its assets are 3 and the duration of its liabilities are 2.5, the duration of its net worth will be __________.
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