A firm needs to borrow money and uses 1,000,000 worth of bonds as collateral. If they sell the bonds for 992,500 and repurchase them for 1,000,000 in three months for 1,000,000, the annual yield is___.

	a.	0.7%
	b.	3.02%
	c.	0%
	d.	1.4%
	e.	Not enough information to answer