Duration Blue Steel Community Bank has the following market value balance sheet: BASIC (Questions 1–8) Asset or Liability Market Value (in $ millions) Duration (in years) Federal funds deposits $ 43 0...

Duration Blue Steel Community Bank has the following market value balance sheet: BASIC (Questions 1–8) Asset or Liability Market Value (in $ millions) Duration (in years) Federal funds deposits $ 43 0 Accounts receivable 555 .20 Short-term loans 340 .65 Long-term loans 103 5.25 Mortgages 498 12.85  Checking and savings deposits 605 0 Certificates of deposit 395 1.60 Long-term financing 285 9.80 Equity 134 N/A a. What is the duration of the assets? b. What is the duration of the liabilities? c. Is the bank immune to interest rate risk?