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KTC. Corporation arranged a repurchase agreement in which it purchased securities for $11759045 and will sell the securities back for $12198815 in 45 days .

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KTC. Corporation arranged a repurchase agreement in which it purchased securities for $11759045 and will sell the securities back for $12198815 in 45 days . What is the yeid (or repo rate) to KTC Corporation? (Round your final answor to two decimal places. The answar is in percent)

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