Question: Eastern Bank holds assets and liabilities whose average durations and dollar amounts are as shown in this table: Asset and Liability lhems Avg. Durationtyrs Investment
Eastern Bank holds assets and liabilities whose average durations and dollar amounts are as shown in this table: Asset and Liability lhems Avg. Durationtyrs Investment Grade Bonds 15.00 years Commercial Loans Consumer Loans Deposits 3.10 years Non-deposit Borrowings 0.35 years 4.00 years 5.00 years SAmount $75.00 $500.00 $350.00 $450.00 $250.00 a- What is the weighted average duration of Eastern Banks asset portfolio and liability portfolio? b- What is the leverage-adjusted duration gap? Show all the steps Use the editor to format your
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