Che 5 Problem 5-14 (LG 5-2) 5024 Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $22.950,000, with the promise to buy them back at a price of $23,000,000 a. Calculate the yield on the repo if it has a 5-day maturity. b. Calculate the yield on the repo if it has a 16-day maturity. (For all requirements, use 360 days in a year. Do not round Intermediate calculations, Round your answers to 5 decimal places. (.g. 32.16161)) a nices Yield on the repo Yield on the repo b %