a treasurer wants to borrow usd for 2 months using his holding of chf 20 million bon 600419

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A treasurer wants to borrow USD for 2 months, using his holding of CHF 20 million bonds in a cross-currency repo as follows:

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2-month USD repo rate:	4.80%
Haircut:	5%
Clean price of bond:	98.00
Coupon rate on bond:	5%
Previous coupon date:	21 March
Accrual basis:	30/360
Spot USD/CHF:	1.4735

How many USD does the treasurer receive on 5 July?

b. How many USD does he repay on 5 September?

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