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Question 3 XYZ Corporation arranged a repurchase agreement in which it purchased securities for $10.9 million and will sell the securities back for $11.5 million

Question 3 XYZ Corporation arranged a repurchase agreement in which it purchased securities for $10.9 million and will sell the securities back for $11.5 million in 65 days. What is the yield (or repo rate) to XYZ Corporation? What is the discount yield (or quoted yield)? What is the effective annual return?

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