Consider the balance sheet in millions of for first
Consider the balance sheet (in millions of $) for First Integrated Bank:
FY 2017
AMOUNT DURATION
ASSETS $790 MILLION 7.5 YEARS
LIABILITIES $650 MILLION 1.5 YEARS
What is the FIB's duration gap?
4.9 years
5.4 years
6.0 years
6.7 years
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