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The price of a 6-month T-bill is 94.20. You wish to enter into a repurchase agreement that provides for your purchase of a $100,000 bond

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The price of a 6-month T-bill is 94.20. You wish to enter into a repurchase agreement that provides for your purchase of a $100,000 bond in 12 days at a price of 94.75. What is the implied 12 day repo rate in this transaction? O 0.70% O 0.55% 0.66% 0.58%

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