The Following Is an FI's Balance Sheet ($Millions)

question 46

Multiple Choice

The following is an FI's balance sheet ($millions) .

Notes to Balance Sheet.

Munis are 2-year 6 percent annual coupon municipal notes selling at par. Loans are floating rates, repriced quarterly. Spot discount yields for 91-day Treasury bills are 3.75 percent. CDs are 1-year pure discount certificates of deposit paying 4.75 percent.

-What is the duration of the municipal notes (the value of x) ?

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Definitions:

Benefits

Advantages or positive outcomes that satisfy the needs or wants of consumers or stakeholders.

Redbox

A company that rents DVDs, Blu-ray discs, and video games through self-service kiosks located at high-traffic shopping locations.

Vending Machines

Self-service devices that dispense products like snacks, drinks, and various other items to customers following the insertion of cash, credit card, or a purpose-built card into the machine.

Utilities

Services provided by public utility companies, such as electricity, water, and gas, essential for daily living and maintaining a standard of living.