The following information is about current spot rates for Second Duration Savings' assets (loans) and liabilities (CDs) . All interest rates are fixed and paid annually. 
-What is the duration of the two-year loan (per $100 face value) if it is selling at par?
Definitions:
Auctioneer
A person who conducts auctions, calling for and accepting bids, and declaring goods sold.
Semi-truck
A large truck or tractor unit designed to pull trailers or cargo, often used for long-haul transportation of goods.
Trailer
A large transport vehicle designed to be hauled by a truck or tractor, or a preview or advertisement of a film, TV show, or game.
Online Auction
A digital platform where goods or services are sold through a bidding process, allowing users to place bids over the internet until the auction expires.
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