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problem1: A government securities dealer is currently borrowing 25 million dollar from a money center bank using repurchase agreements based on Treasury bills. If today's RP rate is 6.25%, how much in interest will the dealer owe the bank for a twenty-four hour loan?

problem2: How much interest would be earned [on a simple interest basis] from a 3day money market loan for 1 million dollar at an interest rate of 12% [yearly rate]? Assume the loan was extended on the third day for an additional day at the going market rate of 11%. How much total interest income would the money market lender receive?

problem3: If Sterling Corporation purchases a 5 million dollar bank CD that matures in ninety days and promises an interest return of 6.25%, how much in total will Sterling receive back when this CD matures?

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  • Category:- Basic Finance
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