The Implied Repo Rate calculator compute the Implied Repo Rate based on the Invoice Price, Purchase Price of Bond, Day Base, and days to Delivery.
INSTRUCTIONS: Choose units and enter the following:
Implied Repo Rate (IRR): The rate is returned as a real number (decimal).
The Implied Repo Rate is the rate of return of borrowing money to buy an asset in the spot market and delivering it in the futures market where he notional is used to repay the loan.
The formula for the Implied Repo Rate is:
`"IRR"=((IP)/(PPB)-1)((dB)/(dD))`
where:
Wikipedia (https://en.wikipedia.org/wiki/Implied_repo_rate)