Maturity quoted at discount yield

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Reference no: EM131545389

How much would you pay for a U.S. Treasury bill with 112 days to maturity quoted at a discount yield of 2.50 percent? Assume a $1 million face value. (Do not round intermediate calculations. Round your answer to 2 decimal places. Enter your answer in dollars not in millions. Omit the "$" sign in your response.)

Price $____

Reference no: EM131545389

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