A 207-day T-bill is quoted at 3.1%. What is the price of this T-bill?

Recall:

• The quote for a T-bill gives you the Bank Discount Rate. And it is a percentage.
• When using a bank discount rate, you need to use simple interest rate, 360 days to maturity, and the nominal value as the initial price.

{Give your answer dollar with 2 decimals, e.g., if the answer is 9999.987654321, enter 9999.99 as your answer.}