Billy Bob bank has three assets. It has $78 million invested in consumer loans with a 3-year

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Billy Bob bank has three assets. It has $78 million invested in consumer loans with a 3-year duration, $44 million invested in T-Bonds with a 13-year duration, and $46 million in 6-month (0.5 years) maturity T-Bills.

What is the duration of the bank's asset portfolio in years?

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Statistics

ISBN: 9781119254515

11th Edition

Authors: Robert S. Witte, John S. Witte

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Posted Date: Nov 10, 2023 06:40 AM

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Billy Bob bank has three assets. It has $78 million invested in consumer loans with a 3-year

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