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The following balance sheet information is available (amounts in millions of dollars and duration in years) for a financial institution: Amount Duration Asset Cash
The following balance sheet information is available (amounts in millions of dollars and duration in years) for a financial institution: Amount Duration Asset Cash $30 0.0 T-bills 80 0.5 T-bonds 80 5.5 Loans 100 7.0 Total 290 Liabilities and Equity Deposits 40 2.0 Federal funds 70 0.4 CDs 150 2250 0.5 Equity 30 Total 290 (1) What is the average duration of all the assets (DA)?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
