An investment bank needs to borrow $6 million for 14 days. It agrees to sell a portfolio of its financial assets, in this case government bonds, to a lender for $6 million. An agreement is drawn up (a repo) by which the bank agrees to repurchase the portfolio 14 days later for $6,001,219.73. What is the interest rate per annum? Round off to the second decimal place. 5,30% 0.27% 2705 0.53%