Blue Steel Community Bank has the following market value balance sheet:

Asset or Liability	Market Value(in $ millions)			Duration(in years)
Federal funds deposits	$	32.8			0
Accounts receivable		605.0			.85
Short-term loans		342.9			1.30
Long-term loans		101.9			5.90
Mortgages		489.1			13.50
Checking and savings deposits		665.0			0
Certificates of deposit		412.6			2.25
Long-term financing		337.3			10.45
Equity		156.8			N / A

a.	What is the duration of the assets? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Duration

years

b.	What is the duration of the liabilities? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Duration

years