The Numbers Provided by Fourth Bank of Duration Are in Thousands

question 13

Multiple Choice

The numbers provided by Fourth Bank of Duration are in thousands of dollars.

Notes: All Treasury bills have six months until maturity.One-year Treasury notes are priced at par and have a coupon of 7 percent paid semiannually.Treasury bonds have an average duration of 4.5 years and the loan portfolio has a duration of 7 years.Time deposits have a 1-year duration and the Fed funds duration is 0.003 years.Fourth Bank of Duration assigns a duration of zero (0) to demand deposits.
-What is the duration of the bank's Treasury portfolio?

• A)1.07 years.
• B)1.00 year.
• C)0.98 years.
• D)0.92 years.

---

Definitions:

Pure Comparative Negligence

A legal doctrine that allows for the plaintiff in a negligence case to recover damages even if they are partially at fault, with the compensation reduced by their percentage of fault.

Fault Percentage

A determination in legal cases, particularly in torts and personal injury, where responsibility or liability is divided among parties based on their contribution to the fault.

Plaintiff's Damages

Financial compensation sought by a plaintiff in a lawsuit from the defendant for loss or injury suffered.

Negligence in Itself

refers to a doctrine whereby an act is considered inherently negligent because it violates a statute or regulation, thereby causing harm that the statute was intended to prevent.