How to use Python string formatting to convert an integer representing cents to a float representing dollars?

Question

I have an integer representing a price in cents. Using Python format strings, how can I convert this value into dollars with two decimal places? Examples:

Answer 1

Using str.format:

for i in (1234,5,999):
    print('{:.2f}'.format(i/100.))

yields

12.34
0.05
9.99

In Python2.6 use '{0:.2f}' instead of '{:.2f}'.