Question
Canes National Bank has $1,333 in assets and $700 in liabilities (i.e., deposits). The duration of the bank's assets is 4.2 years and the duration
Canes National Bank has $1,333 in assets and $700 in liabilities (i.e., deposits). The duration of the bank's assets is 4.2 years and the duration of the bank's liabilities is 2.7 years. What is the duration of the equity of Canes bank? Give the answer in years, with two decimals.
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
