Main Street Bank has $100 million in commercial loans with an average duration of 0.40 years; $40 million in consumer loans with an average duration of 1.75 years; and $30 million in U.S. Treasury bonds with an average duration of 6 years. What will be the bank's dollar-weighted asset portfolio duration?
A. 0.4 years
B. 1.7 years
C. 2.7 years
D. 4.1 years
E. None of the options is correct.
B. 1.7 years
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