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Blue Steel Community Bank has the following market value balance sheet: Asset or Liability Federal funds deposits Accounts receivable Short-term loans Long-term loans Mortgages

Blue Steel Community Bank has the following market value balance sheet: Asset or Liability Federal funds

Blue Steel Community Bank has the following market value balance sheet: Asset or Liability Federal funds deposits Accounts receivable Short-term loans Long-term loans Mortgages Checking and savings deposits Certificates of deposit Long-term financing Equity a. Duration b. Duration Market Value (in $ Duration (in millions) years) $ 28.5 0 586.0 .50 341.5 95 99.8 487.5 648.0 411.2 336.6 147.5 years years 5.55 13.15 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.) 0 1.90 10.10 N/A

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