A bank agrees to buy T-bills from a securities dealer for $983,468, and promises to sell the

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A bank agrees to buy T-bills from a securities dealer for $983,468, and promises to sell the securities back to the dealer in 6 days for $983,687. What is the yield on this reverse repo for the bank?

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Posted Date: May 02, 2024 09:31 AM

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A bank agrees to buy T-bills from a securities dealer for $983,468, and promises to sell the

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Financial Institutions Management A Risk Management Approach

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