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ABC Bank enters a reverse repurchase agreement to buy government securities from another bank at a price of P10,000,000 with the promise to sell these

ABC Bank enters a reverse repurchase agreement to buy government securities from another bank at a price of P10,000,000 with the promise to sell these funds back at its purchase price + interest after five days. The yield on this reverse repo is 1%. How much interest in Php will ABC Bank receive on this transaction?

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