What is the duration of the banks asset portfolio in years


Billy Bob bank has three assets. It has $74 million invested in consumer loans with a 3-year duration, $36 million invested in T-Bonds with a 13-year duration, and $64 million in 6-month (0.5 years) maturity T-Bills. What is the duration of the bank's asset portfolio in years? (answer to 2 decimal points x.xx).

Solution Preview :

Prepared by a verified Expert
Basic Computer Science: What is the duration of the banks asset portfolio in years
Reference No:- TGS02374552

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)