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Question 7 20 pts A 207-day T-billis quoted at 2.8%. What is the price of this T-bill? Recall: The quote for a T-bill gives you

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Question 7 20 pts A 207-day T-billis quoted at 2.8%. 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.)

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