Question
Consider the balance sheet (in millions of $) for First Integrated Bank: FY 2017 AMOUNT DURATION ASSETS $790 MILLION 7.5 YEARS LIABILITIES $650 MILLION 1.5
Consider the balance sheet (in millions of $) for First Integrated Bank:
|
| FY 2017 | |
|
| AMOUNT | DURATION |
| ASSETS | $790 MILLION | 7.5 YEARS |
| LIABILITIES | $650 MILLION | 1.5 YEARS |
What is the FIB's duration gap?
a) 4.9 years
b) 5.4 years
c) 6.0 years
d) 6.7 years
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
