Below is the balance sheet of War Eagle Bank. The numbers provided are in millions...
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Below is the balance sheet of War Eagle Bank. The numbers provided are in millions of dollars and reflect market values. Durations are in the parenthesis. Round to 2 decimal places (e.g. 2.00). Show calculation steps to receive full credits.
1. What is the duration (in years) of the 30-day T-bills? Assume there are 365 days in a year. (5pts)
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