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Balance sheet for Open Bank Additional information: The market interest rate is 7%. bulletShareholders' equity is excluded in duration calculation. The 1-year business loan will

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Balance sheet for Open Bank Additional information: The market interest rate is 7%. bulletShareholders' equity is excluded in duration calculation. The 1-year business loan will be repaid at full value plus interest after one year. For the 2-year business loans, interest at 4% will be paid at the end of the first year. The loan balance, plus the second year's interest, will be paid at the end of the second year. The 1-year time deposit will be repaid to depositors one year later, plus interest. Evaluate the duration for each asset and liability

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