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Question 1: You decide to borrow $7,000,000.00 for 55 days on a repo. Your dealer quotes you a rate of 1.51% with a haircut

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Question 1: You decide to borrow $7,000,000.00 for 55 days on a repo. Your dealer quotes you a rate of 1.51% with a haircut of 3.250%. You reverse out a portfolio of T-Bills worth at least $ Type: Calculated Points Awarded: 1/5 Your Answer(s): Interest on the loan is $ 227,500 so you will repay your dealer $ 7,105,700 The money market yield on this loan is calculated1182998_answer % and the straight yield on this loan is calculated 1182998_answer %

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