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% |