Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities...
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Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bankat a price of $30,950,000, with the promise to buy them back at a price of $31000,000 o. 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 answers to 5 decimal places. (0.9.. 32.16161)) ja Yield on the repo Yield on the repo
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