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A hedge fund uses repo financing to invest in an asset with a market value of $100. The haircut is 20% when the repo agreement

A hedge fund uses repo financing to invest in an asset with a market value of $100. The haircut is 20% when the repo agreement is initiated. The market value of the asset drops 10% at the time when the hedge fund needs to roll over the repo agreement. If the haircut remains the same (in percentage) for the rollover, what is the hedge funds equity position after the rollover (dollar amount, keep two decimals)?

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