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A certain investor has approached you wishing to set up a repurchase agreement for $15,000,000 for 25 days. You have agreed to do so but

A certain investor has approached you wishing to set up a repurchase agreement for $15,000,000 for 25 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 2.12% to structure the deal.

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