q5

18 19 20 21 22 23 24 25 26 27 2 points Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $9999489 with the promise to buy them back at a price of $10000018 Calculate the yield on the repo if it has a 3-day maturity. (write your answer in percentage and round it to 2 decimal places)