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Question No. 4: Clinton National Bank holds assets and liabilities whose average durations and dollar amounts are shown in this table: Asset and Liability Items

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Question No. 4: Clinton National Bank holds assets and liabilities whose average durations and dollar amounts are shown in this table: Asset and Liability Items Average Duration (years) Dollar Amount (Millions) Investment grade bonds 36 1,200 Deposits 6,400 Consumer loans 12 2,400 Commercial loans 7 8,000 Non-deposit borrowings 12 2.8 400 What is the weighted-average duration of Clinton bank's assets portfolio and liability portfolio? What is its leverage-adjusted duration gap? 1. DA 2. D 13. The gap

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