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Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 5.9% 3-Yr Commercial Loans

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Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 5.9% 3-Yr Commercial Loans 5-Yr Loans 4-Yr T-bonds 60,000 1,000,000 3,500,000 1,000,000 5,560,000 4.6 % 2.2 % 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

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