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Question
A bank agrees to buy T-bills from a securities dealer for $997,250, and promises to sell the securities back to the dealer in 4 days for $997,575. The yield on this reverse repo for the bank is:a. 3.00%
b. 2.97%
c. 2.91%
d. 2.86%
e. 2.93%
Answer
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Related questions
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