Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 60,000 3-Yr Commercial Loans 1,000,000 5.4% 5-Yr Loans 3,500,000 4 % 4-Yr T-bonds 1,000,000 3.7 % Total 5,560,000 Using above information compute the Weighted average duration of assets (WADA) for MCB Bank. Please write the answer in Three decimal places and NOT PERCENTAGE.

Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Cash 3-Yr Commercial Loans Market value Rate 60,000 1,000,000 5.4% 3,500,000 4% 1,000,000 3.7% 5,560,000 5-Yr Loans 4-Yr T-bonds Total Using above information compute the Weighted average duration of assets (WADA) for MCB Bank Please write the answer in Three decimal places and NOT PERCENTAGE