1. A financial institution has a Treasury bond with a par value of $100 million and agrees to use this bond for a repo financing transaction with a municipality. The market value of the collateral is $110 million. The term for the repo transaction is 90 days. The municipality takes a 4% haircut of the market value of the bond and charges an annualized interest rate of 7.3%. Answer the following questions with the assumption that the repo interest rate is simple interest rate and the number of days in the year is set at 360. How much does the financial institution pay back when the repo agreement matures (in $ million, keep two decimals; do not enter "$" sign)?