Your company holds the following Assets and Liabilities:
Assets
$20 Yellow Assets with duration of 3
$100 Green Assets with duration of 3
$48 Blue Assets with duration of 4
Liabilities
$50 Purple Liabilities with duration of 9
$31 Red Liabilities with duration of 5
$40 Orange Liabilities with duration of 4
What is the duration of the company’s assets?
(please show at least two decimal places)