Question $7$

The National Bank has a portfolio consisting of $$10$ million of Treasury notes, $$8$ million of corporate loans, and $$9$ million of mortgage loans $($all denote fair market value$).$ The bank estimates that it will receive $99\%,85\%$ and $52\%$ of the fair market value of the Treasury notes, corporate loans and mortgage loans, respectively, in the case that they need to be liquidated at short notice.

$(10$ marks$)$ What is the Liquidity Index of this portfolio?