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uestion 13 Wells Fargo Bank has the following market value balance sheet (in millions, annual rates) Assets Cash 15-year commercial loan @ 10% Liabilities and
uestion 13 Wells Fargo Bank has the following market value balance sheet (in millions, annual rates) Assets Cash 15-year commercial loan @ 10% Liabilities and Equity S20 Demand deposits S100 $160 | 5-year CDs @ 6% interest, balloon S210 interest, balloon payment payment 30-year Mortgages @ 8% interest. $300 | 20-year debentures @ 7% interest S120 monthly amortizing Equity $50 Total Assets $480 Total Liabilities & Equity 5480 What is the weighted-average maturity of the assets for Wells Fargo Bank? O A. 8.02 years B. 23.75 years C. 21.05 years
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