Which of the following are typical repurchase agreement maturities? Check all that apply.

$1$ day

$1$ month

$1$ year

$90$

Which of the following are characteristics of repurchase agreements? Check all that apply.

Their denominations are typically $$10$ million or more.

Banks and savings institutions are common borrowers and investors in repos, whereas money market funds are common investors in these agreements.

Their maturities are normally between $1$ and $20$ years.

There is no secondary market for repurchase agreements.

Suppose Eileen initially purchased securities at a price of $$9,870,000$ while agreeing to sell them back to the original owner at a price of $$10,000,000$ at the end of a $3-$month period. Assuming a $360$ day year, the yield $($or repo rate$)$ on this repurchase agreement is:

$4\mathrm{.}74\%$

$5\mathrm{.}27\%$

$5\mathrm{.}48\%$

$5\mathrm{.}64\%$