Question: Problem 9-7 Treasury Bill Prices (LO1, CFA2) What is the price of a U.S. Treasury bill with 72 days to maturity quoted at a discount

Problem 9-7 Treasury Bill Prices (LO1, CFA2) What is the price

Problem 9-7 Treasury Bill Prices (LO1, CFA2) What is the price of a U.S. Treasury bill with 72 days to maturity quoted at a discount yield of 1.60 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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