An automobile company, Nissan, as 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?© BrainMass Inc. brainmass.com June 4, 2020, 1:12 am ad1c9bdddf
The size will calculated as below. What you have to do this question to calculate the amount which will generate interest of ...
The solution determine the size of the loan that Nissan granted to the securities dealer.