Moneylenders plc arranges a purchase of securities for 5,900,000 with an agreement to resell them in 70
Question:
Moneylenders plc arranges a purchase of securities for £5,900,000 with an agreement to resell them in 70 days for £6,000,000.
1 What is the repo rate earned by Moneylenders plc?
2 For what price would they have to be resold in order to provide a return of 10 per cent?
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Related Book For 
The Economics Of Money Banking And Finance
ISBN: 9780273710394
4th Edition
Authors: Peter Howells, Keith Bain
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