AFM Q71 Daikon (Jun 15)-Sell Call

Answer in the Book
Sell Call

Exercise Price 96
Future Price 95.44

96 = 4 %
95.44=4.56%

The call option is not exercised , since by not exercising the option, the option holder can buy the instrument at a lower market price of 95.44 instead of the higher option exercise price of 96.

My Question: isnt 96 at 4 % a better or lower market price than 4.56% for borrowing ? So should they exercise the call option to have the borrowing at 4% instead of leaving it for market value at 4.56% ?But the answer is saying the opposite.