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You are a bond dealer who is lending money via reverse repo, starting from Friday Oct 29, 2021 for a term of one business day
You are a bond dealer who is lending money via reverse repo, starting from Friday Oct 29, 2021 for a term of one business day (i.e. until Nov 1, 2021). The face value of the bond is $3M, the dirty price is 108.3% of face, the haircut is 4%, and the repo rate is 0.3%. How much will you receive on Nov 1, 2021? (nearest 0.01). (M millions) =
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