How does branch banking operate, and what are the negative aspects of this system? Why is monitoring and stress testing important for banks in managing liquidity and how do banks maintain a buffer of liquid assets, and why is it significant? What is the importance of monitoring liquidity positions and conducting stress tests for banks in managing non$-$ deposit liabilities and why do banks often diversify their funding sources when managing non$-$deposit liabilities?A corporate bond being seriously considered for purchase by Old Dominion Financial will mature $20$ years from today and promises a $7$ percent interest payment once a year. Recent inflation in the economy has driven the yield to maturity on this bond to $10$ percent, and it carries a face value of$$1,000.$ Calculate this bond's duration. How does the bond's yield to maturity affect its duration? What implications does a longer duration have for an investor in a rising interest rate environmen