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Canes National Bank has $1,387 in assets and $708 in liabilities (i.e., deposits). The duration of the bank's assets is 4.1 years and the duration

Canes National Bank has $1,387 in assets and $708 in liabilities (i.e., deposits). The duration of the bank's assets is 4.1 years and the duration of the bank's liabilities is 1 years. What is the duration of the equity of Canes bank? Give the answer in years, with two decimals.

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