Question $8$

$8$ pts

A bank has the following balance sheet:

$\backslash$table$[[$ASSETS$,\backslash$table$[[$Market$],[$Value$]],$Yield,Duration,$\backslash$table$[[],[$EQUITY$]],\backslash$table$[[$Market$],[$Value$]],$Yield,Duration$],[$Cash$,101,,,\backslash$table$[[1-$yr Time$],[$deposit$]],5,3\mathrm{.}8\%,0\mathrm{.}8],[\backslash$table$[[3-$yr$],[$Commercial$],[$loan$]],768,10\mathrm{.}2\%,2\mathrm{.}6,3-$yr CD$,9,3\mathrm{.}7\%,2\mathrm{.}6],[\backslash$table$[[6-$yr$],[$Treasury$],[$bond$]],202,7\mathrm{.}0\%,4\mathrm{.}0,$Equity,???,,$]]$

What is the weighted average duration of liabilities? Please answer to the nearest hundredth $($if you calculate $1\mathrm{.}23456,$ then you must answer at least to the $1\mathrm{.}23$ level$).$