Question: thats the entire question there is nothing missing PUS The Kromwell Community Bank has an average duration for its asset portfolio of 6 years. It

thats the entire question there is nothing missing PUS The Kromwell
thats the entire question there is nothing missing

PUS The Kromwell Community Bank has an average duration for its asset portfolio of 6 years. It also has an average duration for its liability portfolio of 2.5 years. This bank has $ $500 million in total assets and $450 million in liabilities. The Kromwell Community Bank is thinking about hedging their risk by using a Treasury Bond futures contract with a duration of 9.6 years and a price of $98,000. Approximately how many futures contracts will the Kromwell Community Bank need use to hedge their risk

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