A Bank Agrees to Buy T-Bills from a Securities Dealer

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. The yield on this reverse repo for the bank is:

A) 3.00%
B) 2.97%
C) 2.91%
D) 2.86%
E) 2.93%