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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

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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 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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