Question: Moving to another question will save this response. Question 7 Following is are the total items in the asset side of MCB Bank, a hypothetical

Moving to another question will save this response. Question 7 Following is are the total items in the asset side of MCB Bank, a hypothetical company. Assets Market value Rate Cash 60,000 3-Yr Commercial Loans 1,000,000 5.6% 5-Yr Loans 3,500,000 4.8 % 4-Yr T-bonds 1,000,000 3.4 % Total 5,560,000 Using above information compute the weighted average duration of assets (WADA) for MCB Bank. Please write the answer in three decimal places and NOT PERCENTAGE. 4.41 years MAH 9 21 W

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