The Rate of Return on a Repo Is

The rate of return on a repo is

A) determined by the rate of return on the underlying collateral.
B) strongly affected by the current Fed funds rate at the time of the repo.
C) determined at the time of the repo.
D) determined by the rate of return on the underlying collateral and determined at the time of the repo.
E) strongly affected by the current Fed funds rate at the time of the repo and determined at the time of the repo.