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Blue Steel Community Bank has the following market value balance sheet Asset or Liability Federal funds deposits Market Value (in $ Duration millions) (in

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Blue Steel Community Bank has the following market value balance sheet Asset or Liability Federal funds deposits Market Value (in $ Duration millions) (in years) $ 29.6 0 Accounts receivable 610.0 .55 Short-term loans 341.7 1.00 Long-term loans 100.1 5.60 Mortgages 487.3 13.20 Checking and savings 652.0 0 deposits Certificates of deposit 411.4 1.95 Long-term financing 336.7 10.15 Equity 168.6 N/A es a. What is the duration of the assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the duration of the liabilities? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Duration years b. Duration years

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