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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 $9,999,919 with
Suppose a bank enters a repurchase agreement
in which it agrees to sell Treasury securities to a
correspondent bank at a price of $9,999,919
with the promise to buy them back at a price of
$10,000,037. calculate the yeild on the repo if it has 2-day maturity
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