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The following entries (in millions of dollars) are from the balance sheet of Rivendell National Bank (RNB) $34 U.S. Treasury bills Demand deposits Mortgage backed

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The following entries (in millions of dollars) are from the balance sheet of Rivendell National Bank (RNB) $34 U.S. Treasury bills Demand deposits Mortgage backed securities Loans from other banks C&I loans Discount loans NOW accounts Savings accounts Reserve deposits with Federal Reserve Cash items in the process of collection Municipal bonds Bank building If RNB's assets have an average duration of three years and its liabilities have an average duration of two years, what is RNB's duration gap? Duration gap=0

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