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A company enters into a repo agreement with a bank and it sells $10,000,000 of government bond with obligation to purchase the security in
A company enters into a repo agreement with a bank and it sells $10,000,000 of government bond with obligation to purchase the security in 60 days. If the repo rate is 8.2%. what is the repurchase price of the bond? Assume a 365 days year.
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Financial Accounting an introduction to concepts, methods and uses
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978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
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