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A haircut of 20% means that a a. bond with a market value of $100 is considered to be worth $80 when used to satisfy
A haircut of 20% means that a
a. bond with a market value of $100 is considered to be worth $80 when used to satisfy a collateral request.
b. bond with a face value of $100 is considered to be worth $80 when used to satisfy a collateral request.
c. bond with a market value of $100 is considered to be worth $83.3 when used to satisfy a collateral request.
d. bond with a face value of $100 is considered to be worth $83.3 when used to satisfy a collateral request.
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