Ubu Bank has the following assets and liabilities : Asset X has a maturity of 3 years and a market value of $600,000 and asset Y has a maturity of 9 years and a market value of $500,000. Liability A has a maturity of 2 years and a market value of $700,000 and liability B has a maturity of 8 years and a market value of $700,000. What is the maturity gap of the bank ? Round your final answer to 2 decimal places. E.g. if the final answer is -3.59 years, type -3.59 in the answer box. If the final answer is 3.59 years, type 3.59 in the box .
Ubu Bank has the following assets and liabilities : Asset X has a maturity of 3 years and a market value of $600,000 and asset Y has a maturity of 9 years and a market value of $500,000. Liability A has a maturity of 2 years and a market value of $700,000 and liability B has a maturity of 8 years and a market value of $700,000. What is the maturity gap of the bank ? Round your final answer to 2 decimal places. E.g. if the final answer is -3.59 years, type -3.59 in the answer box. If the final answer is 3.59 years, type 3.59 in the box .
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter11: Determining The Cost Of Capital
Section: Chapter Questions
Problem 16P
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Question
Ubu Bank has the following assets and liabilities :
- Asset X has a maturity of 3 years and a market value of $600,000 and asset Y has a maturity of 9 years and a market value of $500,000.
- Liability A has a maturity of 2 years and a market value of $700,000 and liability B has a maturity of 8 years and a market value of $700,000.
What is the maturity gap of the bank ?
Round your final answer to 2 decimal places.
E.g. if the final answer is -3.59 years, type -3.59 in the answer box. If the final answer is 3.59 years, type 3.59 in the box .
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