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  • 2010-12-12 142258 Nissan

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    Ada
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    An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer. The securities dealer earned $55,600 in interest income when the RP loan rate stood at 5. Percent. What was the size of the loan that NISSAN granted to the securities dealer?

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    2010-12-12_142258_nissan

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    An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer. The securities dealer earned $55,600 in interest income when the RP loan rate stood at 5. Percent. What was the size of the loan that NISSAN granted to the securities dealer?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    2 views1 page

    2010-12-12 142258 Nissan

    Uploaded by

    Ada
    An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement to a government securities dealer. The securities dealer earned $55,600 in interest income when the RP loan rate stood at 5. Percent. What was the size of the loan that NISSAN granted to the securities dealer?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    An automobile company, NISSAN, has a temporary cash surplus and lends its funds overnight through a repurchase agreement

    to a government securities dealer, earning $55,600 in interest income when the RP loan rate stood at 5.70 percent. What was the size of the loan that NISSAN granted to the securities dealer?

    Principal Principal

    = =

    Interest / Interest Rate X 365 351,157,895

    Loan Forwarded Loan Forwarded

    = =

    Principal - Interest 351,102,295

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