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Suppose there is a $1000 repo with a 3% haircut, at a 6% annual interest rate for a term of 60 days. Assume simple interest

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Suppose there is a $1000 repo with a 3% haircut, at a 6% annual interest rate for a term of 60 days. Assume simple interest and a 360-day year. What is one of the things that happens at the maturity of the contract? The lender sends $1010 to the borrower The borrower sends $1010 to the lender The borrower returns $970 of Treasury Bonds to the lender The lender returns $970 of Treasury Bonds to the borrower Suppose there is a $1000 repo with a 3% haircut, at a 6% annual interest rate for a term of 60 days. Assume simple interest and a 360-day year. What is one of the things that happens at the maturity of the contract? The lender sends $1010 to the borrower The borrower sends $1010 to the lender The borrower returns $970 of Treasury Bonds to the lender The lender returns $970 of Treasury Bonds to the borrower

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