A hedge fund wants to borrow $2,500,000 using a 3 month repurchase agreement. The repo dealer is
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Question:
A hedge fund wants to borrow $2,500,000 using a 3 month repurchase agreement. The repo dealer is quoting a buyback price of $2,533,414.86 and a haircut of 2.49%.
What is the market value of the collateral that the hedge fund must deliver to the repo dealer?
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