Click to see additional instructions You will also have the proceeds of the present value at July 1 of the two-month loan you made. The sum of these two was made with the investment of the proceeds of the one-month loan you took out on June 1. That means your implied repo rate, rounded to two decimal places as a percent, is %, which is more than what you would have earned at the June 1 one-month LIBOR rate. [Hint: this answer is somewhere between 5.00% and 7.50%] Click to see additional instructions You will also have the proceeds of the present value at July 1 of the two-month loan you made. The sum of these two was made with the investment of the proceeds of the one-month loan you took out on June 1. That means your implied repo rate, rounded to two decimal places as a percent, is %, which is more than what you would have earned at the June 1 one-month LIBOR rate. [Hint: this answer is somewhere between 5.00% and 7.50%]