PLEASE HELP ME SOLVE THIS QUESTION ASAP. SEEN THAT ANSWERS ALREADY TO THIS HAVE BEEN RATED POORLY. PLSE HELP ITS URGENT. THANKS

You have been promoted to head of Treasury and Investment Management at Ecobank and have been handed information on a number of issues for which immediate answers are required. For each excerpt from the issues presented below answer the associated question(s):

1. (i) Ecobank holds 450million T-Bill but is in short of cash. It needs cash to meet the requirement of a customer who has come to withdraw 400million. Ecobank approach Barclays Bank to sell the T-Bill for 395.5million on Monday morning with agreement to repurchase the bill on Friday evening.

   (a) How much in cedis does Ecobank lose in this transaction (5 marks) (b) What is the Repo Rate on this transaction?