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Question 7 9 pts A bank has the following balance sheet: table [ [ ASSETS , table [ [ Market ] , [

Question 7
9 pts
A bank has the following balance sheet:
\table[[ASSETS,\table[[Market],[Value]],Yield Duration,\table[[],[EQUITY]],\table[[Market],[Value]],Yield,Duration,],[Cash,110,,,\table[[1-yr Time],[deposit]],571,5.0%,0.8],[\table[[3-yr],[Commercial],[loan]],606,8.9%,2.9,3--yr CD,202,3.7%,2.7],[\table[[6-yr Treasury],[bond]],203,8.5%,5.4,Equity,???,,],[,????,,,,????,,]]
What is the weighted average duration of assets?
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