Question 5 A borrower enters a 60-day repurchase agreement in which it will sell to its counterparty for $92.00 an asset that has a current market value $94.00. The agreement also requires the borrower to repurchase the asset for $92.75 at the end of the 60 days. What is the annualized repo rate the borrower will pay under this agreement? O 4.89% O 4.85% O 0.82% 1 pts 8.09%

A borrower enters a 60-day repurchase agreement in which it will sell to its counterparty for $92.00 an asset that has a current market value $94.00. The agreement also requires the borrower to repurchase the asset for $92.75 at the end of the 60 days. What is the annualized repo rate the borrower will pay under this agreement? 4.89% 4.85% 0.82% 8.09%