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Sarah, a portfolio manager plans to buy 1-month Treasury bills in 2 months. The total face amount of securities she plans to buy is $2

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Sarah, a portfolio manager plans to buy 1-month Treasury bills in 2 months. The total face amount of securities she plans to buy is $2 million. The current price for 3- month Treasury bills is $995,621 per $1 million face amount. The current, effective, annual risk-free rate over the 2 months is 1.31 percent. Calculate the fair total forward price. Round the answer to two decimal places. Your

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