NO.PZ2020042003000023
问题如下：
In a repo, A sells $10 million face amount
bond to B on Aug 1, at an invoice price of $11 million for 20 days. At the same
time, A agrees to repurchase that $10 million face amount bond at a purchase
price equal to the original invoice price plus interest at a repo rate of 20%.
According to the information above, what is the repurchase price?
选项：
A. 11.12
13.21
12.12
13.12
解释：
考点：对Repurchase Agreements的理解
答案：A
解析：
11 × （1 + 20%×20/360）=11.12
根据解释，公式的P0在这里用的是invoice value, 但是课件79页写的P0=face value of bond，这到底是哪里出问题了？在题目中这两个很明显不是同一个数，请老师指教 谢谢
