Question
Classic Repo trade details: Principal: $10,000,000 Bond price: 100% Repo principal: $10,000,000 Repo rate: 5.00% Actual/360 Term: 7 days Bond price at maturity: 101% Calculate
Classic Repo trade details:
Principal: $10,000,000
Bond price: 100%
Repo principal: $10,000,000
Repo rate: 5.00%
Actual/360 Term: 7 days
Bond price at maturity: 101%
Calculate the repo interest and the repurchase value at maturity.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
