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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 $ 9,999,367
Suppose a bank enters a repurchase agreement in which it agrees to sell Treasury securities to a correspondent bank at a price of $ 9,999,367 with the promise to buy them back a price of $10,000,025 . 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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