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Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $9999095 with

Suppose a bank enters a repurchase agreement

in which it agrees to sell Treasury securities to a

correspondent bank at a price of $9999095

with the promise to buy them back at a price of

$10000099. calculate the yeild on the repo if it has 5-day maturity

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