Problema bank enters a repurchase agreement in which it, Ask an Expert

Accounting

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A bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price of $19,945,000, with the promise to buy them back at a price of $20,000,000.

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Question: What is the yield on the repurchase agreement if it has a 7-day maturity?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171804

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