Maturity quoted at a discount yield

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What is the price of a U.S. Treasury bill with 60 days to maturity quoted at a discount yield of 1.50 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: EM131317154

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