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4. The following entries (in millions of dollars) are from the balance sheet of Revendell...

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4. The following entries (in millions of dollars) are from the balance sheet of Revendell National Bank (RNB): U.S. Treasury bills Demand deposits Mortgage-backed securities Loans from other banks C&I loans Discount loans NOW accounts Savings accounts Reserve deposits with Federal Reserve Cash items in the process of collection Municipal bonds Bank building S35 30 67 32 10 10 4 RNB's capital is what percentage of its assets? Show your work. (10 points) If RNB's assets have an average duration of six years and its liabilities have an average duration of three years, what is RNB's duration gap? (5 points) a. b

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