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KTC Corporation arranged a repurchase agreement in which it purchased securities for $11717258 and will sell the securities back for $12135117 in 45 days. What

KTC Corporation arranged a repurchase agreement in which it purchased securities for $11717258 and will sell the securities back for $12135117 in 45 days. What is the yield (or repo rate) to KTC Corporation? (Round your final answer to two decimal places. The answer is in percent)

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