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Use the follwing information about a hypothetical government security dealer named MP Jorganson to answer questions. (Market yields are in parentheses) Assets $m Liabilities $m

Use the follwing information about a hypothetical government security dealer named MP Jorganson to answer questions.

(Market yields are in parentheses)

Assets $m Liabilities $m
Cash 10 Overnight interbank borrowing (7.00%) 170
T-notes 1month (7.05%) 75 7-year fixed-rate subordinated debt(8.55%) 150
T-notes: 3 months (7.25%) 75
T-bonds: 2-year (7.50%) 50 Equity 15
T-bonds: 10-year (8.96%) 100
Corporate bonds: 5-year maturity with interest reset every 3 months (8.20%) 25
Total Assets 335 Total Liabilities and equity 335

1. Calculate the maturity gap from the given information.

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