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The dealer forecasts that two days from now the discount rate on an 88-day bill will be 5.10%. The current discount rate on a 90-day

The dealer forecasts that two days from now the discount rate on an 88-day bill will be 5.10%. The current discount rate on a 90-day bill is 5.10%. What is the highest two-day repo rate the dealer can afford to pay and still expect to break even? Explain

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