Use the Following Information to Answer the Question(s)below

question 46

Multiple Choice

Use the following information to answer the question(s) below.
You are a risk manager for Security First Trust Savings and Loan (SFTSL) .SFTSL's balance sheet is as follows (in millions of dollars) : The duration of the auto loans is three years and the duration of the mortgages is eight years.Both cash reserves and checking and savings have zero duration.The CDs have a duration of two years and the long-term financing has a ten-year duration.
-The duration of SFTSL's equity is closest to:

• A)6 years.
• B)8 years.
• C)10 years.
• D)14 years.

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Definitions:

Bronchovesicular Breath Sounds

Normal breath sounds heard over the main bronchus area and over the upper right posterior lung field, representing air moving through the large airways.

Intercostal Space

The anatomic area situated between two adjacent ribs, typically involved in respiratory movements.

Scaly White Patches

Lesions or areas of flaky skin that appear white, often indicating a dermatological condition or infection.

Newborn Infant

A baby from birth to 28 days of life, focusing on the critical early stages of development outside the womb.