Question: Homework: HW 14 - Section 3.1 Question 14, 3.1.63-BE HW Score: 20. 70, O Points: 0 of 1 What is the purchase price of a

Homework: HW 14 - Section 3.1 Question 14, 3.1.63-BE HW Score: 20. 70, O Points: 0 of 1 What is the purchase price of a 50-day T-bill with a maturity value of $1,218 that earns an annual interest rate of 5.872%? (Assume a 360-day year.) The purchase price is S (Round to two decimal places.)

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