Business, 04.07.2020 21:01, nikki987654

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. What is the equivalent annual rate (EAR) on this reverse repo for the bank

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A bank agrees to buy T-bills from a securities dealer for $997,250, and promises to sell the securit...