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A bank enters into a repurchase agreement in which it agrees to sell Treasury securities to another bank at a price of $24,973,557, with a
A bank enters into a repurchase agreement in which it agrees to sell Treasury securities to another bank at a price of $24,973,557, with a promise to buy them back at a price of $25,000,000 in 8 days. Repo yields are expressed as single payment yields. What is the single payment yield on this repo? Answer in percent to three decimal places. Omit the percent sign
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