Question: How much would you pay for a U.S. Treasury bill with 100 days to maturity quoted at a discount yield of 1.67 percent? Assume a

How much would you pay for a U.S. Treasury bill with 100 days to maturity quoted at a discount yield of 1.67 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.)

Price __________

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