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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 $9998955 with

Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $9998955 with the promise to buy them back at a price of $10000033

Calculate the yield on the repo if it has a 2-day maturity. (write your answer in percentage and round it to 2 decimal places)

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