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A FI holds two assets in equal proportions, these being liquid securities with a fair market value of $11.3 million and housing loans with a
A FI holds two assets in equal proportions, these being liquid securities with a fair market value of $11.3 million and housing loans with a fair market value of $55.5 million. Further assume that in case of immediate liquidation, the FI would receive $5.2 million for its liquid securities and $36.1 million for its housing loans. Calculate the FIs liquidity index. Round your answer up to 2 decimal places.
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