A bank agrees a repurchase agreement (Repo) with its prime broker using 30 million of Mortgage Backed Securities as collateral for a period of 30 days. The prime broker levies a haircut of 10 per cent and charges an annual Repo rate of 3.5 per cent. What is the price at which the bank will repurchase the 30 million MBS at the end of 30 days when the Repo rate interest applies only on the sum of money being lent by the prime broker? Use a 360 day-count