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A company arranged a repurchase agreement in which it purchased securities for $1,998,250 and will sell the securities back for $2,000,000 in 10 days. How
A company arranged a repurchase agreement in which it purchased securities for $1,998,250 and will sell the securities back for $2,000,000 in 10 days. How many percent is the yield to the company? (assume 360 day year)
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