I post question TWICE!!! And got TWO answers!!! Who was wasting my time!!!??

Which one is correct?? or both are wrong?? Please HELP me with the problems!! This is IMPORTANT!!

I need S P E C I F I C steps!!! Thank you!!!

If you cannot answer, don't waste my chance!!! Thank you I don't want to post the fourth time!!!

Solution 1:

Dollar Interest = (Principal - hair cut) Repo Rate (Repo Term in days/360 days) Dollar Interest = ($98.25 -0.05) x 4% x 1/360 days = .01091 Return = (sellling price + dolloar interest - Purchase price)/purchase price Return on capital trader = ($98.35 + .01091 - $98.25)/$98.25 = .1128%

Solution 2;

Amount Invested by capital trader = 98.25-(98.25*0.05)

= 93.3375

Repo rate = 4%

Repurchase price = 93.3375+93.3375*4%*1/360

= 93.3479

Return on capital = 93.3479-93.3375 = 0.0104