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Community Bank has total assets with a market value of $ 1 4 . 2 3 million and a duration of 2 . 6 4
Community Bank has total assets with a market value of $ million and a duration of years. The bank's liabilities equal $ million and its equity is $ million on a market value basis. To hedge interest rate risk, what duration should the bank seek for its liabilities?
A years
B years
C years
D years
E years
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