Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $30,950,000, with the promise to buy them back at a price of $31,000,000. 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. (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your percentage answers to 5 decimal places. (e.g., 32.16161))

A) yield on the repo ____%

B) yield on the rep ___%

You would like to purchase a Treasury bill that has a $18,000 face value and is 61 days from maturity. The current price of the Treasury bill is $17,875. Calculate the discount yield on this Treasury bill. (Use 360 days in a year. Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16))

Discount yield _____%