What is the market value of the collateral

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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?

Enter your answer in the box below. Use two decimal places. Do not include the dollar sign, $.

Reference no: EM132826090

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