Question: ANZ needs to borrow $1000,000 for 3 days. It organises a repo where it sells $1000,000 worth of CGS to NAB and agrees to repurchase

ANZ needs to borrow $1000,000 for 3 days. It organises a repo where it sells $1000,000 worth of CGS to NAB and agrees to repurchase them in 3 days for $1000,350. What is the yield (annualised) for this repo transaction earned by NAB?

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