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Duration Bank has the following assets and liabilities as of year - end. All assets and liabilities are currently priced at par and pay interest

Duration Bank has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually.
Assets Amount ($ millions) Annual Rate Liabilities Amount ($ millions) Annual Rate
2-year loans $408%3-year CD $607%
3-year loans $608%5-year term deposit $306%
Equity $10
Total $100 Total $100
What is the FI's maturity gap?
Group of answer choices
-1.07 years.
-0.40 years.
-0.70 years.
-2.03 years.
-2.50 years.

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