Question
Repos - Suppose you will borrow with a collateral of 10-year US Treasury Note with market value of $150 M for 21 days. The haircut
Repos - Suppose you will borrow with a collateral of 10-year US Treasury Note with market value of $150 M for 21 days. The haircut is 1%, and the repo rate is 2%. How much cash will you pay at the settlement of the repo in 21 days? (Show the answer to at least 5 significant figures.)
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ISE Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
18th International Edition
1265074658, 9781265074654
