Bank A enter into a Repo for 14 days with Bank B in 10% Government of...
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Bank A enter into a Repo for 14 days with Bank B in 10% Government of India Bonds 2028 @ 5.65% for ? 8 crore. Assuming that clean price (the price that does not have accrued interest) be 7 99.42 and initial Margin be 2% and days of accrued interest be 262 days. You are required to determine (i) Dirty Price (ii) Repayment at maturity. (consider 360 days in a year) Bank A enter into a Repo for 14 days with Bank B in 10% Government of India Bonds 2028 @ 5.65% for ? 8 crore. Assuming that clean price (the price that does not have accrued interest) be 7 99.42 and initial Margin be 2% and days of accrued interest be 262 days. You are required to determine (i) Dirty Price (ii) Repayment at maturity. (consider 360 days in a year)
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Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date:
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