You Have Gathered the Following Market Value and Duration Information

Multiple Choice

You have gathered the following market value and duration information on the Eastern Bank: Calculate the duration of the bank's assets and of its liabilities.

A) 2.86 years; 1.23 years
B) 2.97 years; 1.06 years
C) 2.86 years; 1.06 years
D) 2.48 years; 1.06 years
E) 2.97 years; 1.23 years