Tiger State Bank
$\begin{array} { | l | l | l | }
\hline \text { Assets } & \text { Duration } & \text { Market Value } \
\hline \text { Overnight Money } & 0.0 & £ 3 \text { Million } \
\hline \text { 1-year T-Bonds } & 0.6 & £ 8 \text { Million } \
\hline \text { Loans } & 2.20 & £ 20 \text { Million } \
\hline \text { Mortgages } & 7.50 & £ 8 \text { Million } \
\hline & & \
\hline \text { Liabilities } & \text { Duration } & \text { Market Value } \
\hline \text { Checking Accounts } & 0.0 & £ 20 \text { Million } \
\hline \text { Short-term CD's } & 0.4 & £ 4 \text { Million } \
\hline \text { Long-term CD's } & 3.20 & £ 12 \text { Million } \
\hline & & \
\hline \text { Equity } & & £ 3 \text { Million } \
\hline
\end{array}$
Calculate the duration of Tiger State Bank's assets and liabilities.

Question

Tiger State Bank 
$\begin{array} { | l | l | l | } 
\hline \text { Assets } & \text { Duration } & \text { Market Value } \
\hline \text { Overnight Money } & 0.0 & £ 3 \text { Million } \
\hline \text { 1-year T-Bonds } & 0.6 & £ 8 \text { Million } \
\hline \text { Loans } & 2.20 & £ 20 \text { Million } \
\hline \text { Mortgages } & 7.50 & £ 8 \text { Million } \
\hline & & \
\hline \text { Liabilities } & \text { Duration } & \text { Market Value } \
\hline \text { Checking Accounts } & 0.0 & £ 20 \text { Million } \
\hline \text { Short-term CD's } & 0.4 & £ 4 \text { Million } \
\hline \text { Long-term CD's } & 3.20 & £ 12 \text { Million } \
\hline & & \
\hline \text { Equity } & & £ 3 \text { Million } \
\hline
\end{array}$
Calculate the duration of Tiger State Bank's assets and liabilities.

Quizplus · Accepted Answer

The Answer of Tiger State Bank 
$\begin{array} { | l | l | l | } 
\hline \text { Assets } & \text { Duration } & \text { Market Value } \
\hline \text { Overnight Money } & 0.0 & £ 3 \text { Million } \
\hline \text { 1-year T-Bonds } & 0.6 & £ 8 \text { Million } \
\hline \text { Loans } & 2.20 & £ 20 \text { Million } \
\hline \text { Mortgages } & 7.50 & £ 8 \text { Million } \
\hline & & \
\hline \text { Liabilities } & \text { Duration } & \text { Market Value } \
\hline \text { Checking Accounts } & 0.0 & £ 20 \text { Million } \
\hline \text { Short-term CD's } & 0.4 & £ 4 \text { Million } \
\hline \text { Long-term CD's } & 3.20 & £ 12 \text { Million } \
\hline & & \
\hline \text { Equity } & & £ 3 \text { Million } \
\hline
\end{array}$
Calculate the duration of Tiger State Bank's assets and liabilities.

Tiger State Bank Calculate the Duration of Tiger State Bank's Assets and Liabilities