Blue Steel Community Bank has the following market value balance sheet

Blue Steel Community Bank has the following market value balance sheet: Market Value (in $ Duration Asset or Liability millions) (in years) Federal funds deposits $ 30.8 0 Accounts receivable 608.0 1.10 Short-term loans 343.9 1.55 Long-term loans 103.4 6.15 Mortgages 491.1 13.75 Checking and savings 643.0 0 deposits Certificates of deposit 413.6 2.50 Long-term financing 337.8 10.70 Equity 182.8 N/A 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 Duration years years b