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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 $9,999,527 with

Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $9,999,527 with the promise to buy them back at a price of \$10,000,0 . 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 )

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