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3. Suppose a manager wants to borrow $50 million of a Treasury security that it plans to purchase and hold for 20 days. The manager

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3. Suppose a manager wants to borrow $50 million of a Treasury security that it plans to purchase and hold for 20 days. The manager can enter a repo with a dealer firm that would provide financing at a 4.2% repo rate. What is the dollar interest cost that the manager will have to pay for the repo

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