. Calculate the implied repo rate for a hypothetical issue that is deliverable for a Treasury bond futures contract assuming the following for the deliverable issue and the futures contract: Futures contract - Futures price = $102 - days to futures delivery date = 114 days Deliverable issue - price of issue = $96 - accrued interest paid = $3.2219 - coupon rate = 8% - days remaining before interim coupon made = 79 days - interim coupon = $4.00 - number of days between when the interim coupon payment is received and the actual delivery date of the futures contract = 35 days - conversion factor = 0.9305 - accrued interest received at futures settlement date = $1.7315 Other information: - 35-day term repo rate = 5%