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Which of the following correctly describes a repurchase agreement

28/04/2021 Client: muhammad11 Deadline: 2 Day

Which of the following correctly describes a repurchase agreement?

a. The sale of a security with a commitment to repurchase the same security at a specified future date and a designated price.

b. The sale of a security with a commitment to repurchase the same security at a future date left unspecified, at a designated price.

c. The purchase of a security with a commitment to purchase more of the same security at a specified future date.

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