Consider a 90-day repo transaction in the 6% Government bonds, take a margin of 2%. Therepo rate is 7%, start date is 4 May 2009. Suppose that the clean price of the bond is 97.85. Interest has been accrued for 14 days(Day-count basis: act/ 365). a.Calculate the amount of termination proceed b. On 6 Jun 2009, there has been a fall in the bond market and the price decreased to 93.65 (clean price). Calculate the variation margin