Duration Bank Has the Following Assets and Liabilities as of Year-End

question 121

Multiple Choice

Duration Bank has the following assets and liabilities as of year-end. All assets and liabilities are currently priced at par and pay interest annually.
-What is the weighted average maturity of the liabilities of the FI?

• A)3.67 years.
• B)3.30 years.
• C)3.00 years.
• D)5.00 years.

---

Definitions:

Monozygotic Twins

Twins that are genetically identical because they were formed from a single fertilized egg that split into two.

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins, affecting various functions and characteristics of an organism.

Genetic Code

The collection of principles governing how genetic information (encoded in sequences of DNA or RNA) is converted into proteins within living cells.

Nucleotides

Organic molecules that serve as the basic building blocks of nucleic acids, such as DNA and RNA, composed of a nitrogenous base, a five-carbon sugar, and one or more phosphate groups.