A bank buys a bond on its coupon payment date. 3 months later, the bank decides to repo the bond to generate immediate liquidity. Details of the bond and repo transaction are as follows. If the repo contract expires 6 months from now, what is the bank's expected cash outflow at the end of the repo transaction?

Notional value (USD)	100,000
Coupon (semi-annual)	6%
Current bond price	97
Repo haircut	15%
Repo interest rate	4%