Which of the following is correct about USD LIBOR and SOFR before the summer of 2023?

Group of answer choices

LIBOR rates reflect the cost of borrowing by banks as well as non-bank financial institutions.

LIBOR rates do not include the credit risk premium component while SOFR rates do include the credit risk premium component.

LIBOR rates are based on U.S. repo market trading with Treasury securities as collateral.

The underlying market of LIBOR is much less liquid than the underlying market of SOFR .

USD LIBOR rates are published by the Federal Reserve Bank of New York.