ANZ needs to borrow $1000,000 for 3 days. It organises a repo where it sells $1000,000 worth

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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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Introduction To Corporate Finance

ISBN: 9781118300763

3rd Edition

Authors: Laurence Booth, Sean Cleary

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Posted Date: Apr 18, 2023 07:35 AM

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ANZ needs to borrow $1000,000 for 3 days. It organises a repo where it sells $1000,000 worth

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To calculate the yield annualized for the repo transaction earned by NAB we can use the following fo... View the full answer

Introduction To Corporate Finance

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