1. JP Morgan Chase is currently processing repos with the following quoted rates, each for amounts of $20 million and for a period of 2 days. Which of the following shows the interest payment amounts in dollars for each repo?

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  The third option is correct. Kindly see the interest rate calculations of each repo loan below. Kindly note that the tables are self explanatory.

  Particulars	Quoted Yield (bps) --> (1)	Quoted Yield (%) --> (2)	Par Amount (USD million) --> (3)	Tenor of each repo (days) --> (4)	Interest rate of each repo (USD) --> (5) ={(2)/365}*{(3)*10^6)*(4)
  Repo 1	25	0.25%	20	2	273.97
  Repo 2	75	0.75%	20	2	821.92
  Repo 3	95	0.95%	20	2	1,041.10
  Repo 4	150	1.5%	20	2	1,643.84
  Repo 5	175	1.75%	20	2	1,917.81
  Repo 6	265	2.65%	20	2	2,904.11
  Repo 7	320	3.2%	20	2	3,506.85

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