Question: The financial statement below is for the current year. After you review the data, calculate the duration gap for the bank. The First National Bank

The financial statement below is for the current year. After you review the data, calculate the duration gap for the bank.

The First National Bank initially has the balance sheet and that interest rates are initially at10%.

Second National Bank Duration in years) Assets (in years) Liabilities Checkable deposits Money market deposits Securities years Variable rate 10,000,000 Residential mortgages Variable rate Fixed rate 5,000,000 Buildings, etc $100,000,000

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