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The current balance shoot of Local National Bank appears below. All assets and liabilities are currently priced of par and pay interest annually, Assets Amount
The current balance shoot of Local National Bank appears below. All assets and liabilities are currently priced of par and pay interest annually, Assets Amount Annual Liabilities Amount Annual ($millions) Rate (millions) Rate 1-year $60 17% |-year CD $50 bonds 12% $40 6% 10-year $40 loan 2-year CD Equity $10 Total $100 Total $100 What is the weighted average maturity of liabilities
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