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Question 23 points Suppose a bank enters a repurchase agreement in which I agrees to sell Treasury securities to a correspondentbunkat a price of 59.998946

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Question 23 points Suppose a bank enters a repurchase agreement in which I agrees to sell Treasury securities to a correspondentbunkat a price of 59.998946 win the promise to buy them ad $10,000,012. Calculate the yield on the repo if it has a 6-day maturity. (write your answer in percentage and sound it to 2 decimal places)

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