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A certain investor has approached you wishing to set up a repurchase agreement for $ 15,000,000 for 15 days. You have agreed to do so

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A certain investor has approached you wishing to set up a repurchase agreement for $ 15,000,000 for 15 days. You have agreed to do so but will require collateral of $ 17, 200,000 in U.S. Treasury bills with a repro rate of 3.122% to structure the deal. What is the size of the haircut in this deal

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