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Consider the following balance sheet (expressed in millions of dollars): Assets Liabilities Overnight loans: $300 Long term debt: $800 (D* = 6 years) 1-year Treasuries:
Consider the following balance sheet (expressed in millions of dollars): Assets Liabilities Overnight loans: $300 Long term debt: $800 (D* = 6 years) 1-year Treasuries: $300 (D* = 0.9 years) Net worth...
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