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-Assume the following information about two banks. Bank A: has bond with face of $100 million, market value of 96,298,531 million - Bank B: has

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-Assume the following information about two banks. Bank A: has bond with face of $100 million, market value of 96,298,531 million - Bank B: has cash to lend -Term of loan: 19 days -Repo rate (set by market): 1.61% (stated annually) Haircut required by Bank B: 2.20% Bank A and Bank B agree to engage in a repurchase agreement in which Bank A sells the bond to Bank B and agrees to later repurchase it. The amount of money that Bank B is willing to be repaid for the bond when Bank A repurchases it is: (rounded to nearest dollar)

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