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XYZ bank has has total assets of $2,000 million and an average duration for its asset portfolio of 5.5 years. The bank has total liabilities
XYZ bank has has total assets of $2,000 million and an average duration for its asset portfolio of 5.5 years. The bank has total liabilities of $1,500 million. If XYZ bank's leverage-adjusted duration gap is zero.
Calculate the duration of its liabilities portfolio?
5.35 years
4.5 years
6 years
7.33 years
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