A bank's repo counterparty agreed to give it $92 cash for collateral that was worth $98. If the agreement calls for the bank to buy the collateral back for $96, what can we say about this transaction? The bank paid 6.52% to borrow the money. The bank accepted a haircut of 2.04% to protect its lender. The bank accepted a haircut of 6.52% to protect its lender. The bank paid 4.35% to borrow the money