7. Consider a T-note currently trading at a price of $9,800. You are entering into a 14-day repo to repo out the above T-note. Assume a haircut of 3% and the 14-day repo rate is 4% p.a. How much will you pay or receive at the end of the 14-day period? Describe a scenario where the above 14-day repo rate can be significantly negative. (3 pts) 7. Consider a T-note currently trading at a price of $9,800. You are entering into a 14-day repo to repo out the above T-note. Assume a haircut of 3% and the 14-day repo rate is 4% p.a. How much will you pay or receive at the end of the 14-day period? Describe a scenario where the above 14-day repo rate can be significantly negative. (3 pts)