Maturity quoted at discount yield

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What is the price of a U.S. Treasury bill with 56 days to maturity quoted at a discount yield of 1.20 percent? Assume a $1 million face value. (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response. )

Price? $

Reference no: EM13894451

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