Question
Citi Bank in a short position, therefore Citi has done deal on spot-a-month for Rs 250 million withHBL Other information given below: Issue Date 25-Sep-2019
Citi Bank in a short position, therefore Citi has done deal on spot-a-month for Rs 250 million withHBL Other information given below:
Issue Date 25-Sep-2019
Maturity Date 24-Sep-2020
Trade Date 02-MAR-2020 ( Thursday )
MTM (PKRV) rate
0-7days6.38
8-15days 6.47
16-30days 6.48
31-60days 6.48
61-90days 6.48
91-120days 6.49
121-180days6.49
181-270days 6.54
271-365days 6.55
Repo Rate 8.25/50
Calculate:
Find First & second Price (P1 & P2) & also in rupees, Deal / Days to Maturity, which bank involve in Repo & Reverse Repo Transaction?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
