Based on the cosmological principle and quantum Yang-Mills gravity in the super-macroscopic limit, we obtain an exact recession velocity and cosmic redshift z, as measured in an inertial frame F ≡ F (t, x, y, z). For a matter-dominated universe, we have the effective cosmic metric tensor Gµν (t) = (B 2 (t), −A 2 (t), −A 2 (t), −A 2 (t)), A ∝ B ∝ t 1/2 , where t has the operational meaning of time in F frame. We assume a cosmic action S ≡ Scos involving Gµν (t) and derive the 'Okubo equation' of motion, G µν (t)∂µS∂νS − m 2 = 0, for a distant galaxy with mass m. This cosmic equation predicts an exact recession velocity,ṙ = rH/[1/2 + 1/4 + r 2 H 2 /C 2 o ] < Co, where H =Ȧ(t)/A(t) and Co = B/A, as observed in the inertial frame F . For small velocities, we have the usual Hubble's lawṙ ≈ rH for recession velocities. Following the formulation of the accelerated Wu-Doppler effect, we investigate cosmic redshifts z as measured in F . It is natural to assume the massless Okubo equation, G µν (t)∂µψe∂νψe = 0, for light emitted from accelerated distant galaxies. Based on the principle of limiting continuation of physical laws, we obtain a transformation for covariant wave 4-vectors between and inertial and an accelerated frame, and predict a relationship for the exact recession velocity and cosmic redshift, z = [(1+Vr)/(1−V 2 r ) 1/2 ]−1, where Vr =ṙ/Co < 1, as observed in the inertial frame F . These predictions of the cosmic model are consistent with experiments for small velocities and should be further tested.