The asset allocation for this solution doesn't add up for me.

3. The following financial statement is for the current year. Second National Bank Assets Duration Liabilities Duration Reserves 5,000,000 0.00 Checkable Deposits 15,000,000 2.00 Securities Money Market Deposits 5,000,000 0.10 < 1 Year 5,000,000 0.40 Savings Accounts 15,000,000 1.00 1 to 2 Years 5,000,000 1.60 CDs > 2 years 10,000,000 7.00 Variables-rate 10,000,000 0.50 Residential Mortgages < 1 Year 15,000,000 0.20 Variables-rate 10,000,000 0.50 1 to 2 Years 5,000,000 1.20 Fixed-rate 10,000,000 6.00 > 2 years 5,000,000 2.70 Commercial Loans Interbank Loans 5,000,000 0.00 < 1 Year 15,000,000 0.70 Borrowings 1 to 2 Years 10,000,000 1.40 < 1 Year 10,000,000 0.30 > 2 years 25,000,000 4.00 1 to 2 Years 5,000,000 1.30 Buildings, etc. 5,000,000 0.00 > 2 years 5,000,000 3.10 Bank Capital 5,000,000 Total 100,000,000 Total $100,000,000

Asset = .02+.08+.7+.05+.6+.110+.14+.105+.05+.05 =1.7

According to Chegg Study the Asset Allocation is 2.695.