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Below is the balance sheet of War Eagle Bank. The numbers provided are in millions of dollars and reflect market values. Durations are in the
Below is the balance sheet of War Eagle Bank. The numbers provided are in millions of dollars and reflect market values. Durations are in the parenthesis. Round to 2 decimal places (e.g. 2.00). Show calculation steps to receive full credits.
1. What is the duration (in years) of the 30-day T-bills? Assume there are 365 days in a year. (5pts)
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