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Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $ 2

Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $25,950,000, with the promise to buy them back at a price of $26,000,000.
a. Calculate the yield on the repo if it has a 5-day maturity.
b. Calculate the yield on the repo if it has a 15-day maturity.

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