It can't be one. Mixed numbers are greater than one (less than negative one).
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Fifteen and twenty-six hundredths.
As a mixed number it looks like this: 5 15/100
As a mixed number it is: 15 and 64/100
15 38/100 is the mixed number 15 38/100 = 1538/100
Expressed as a mixed number in its simplest form, 15.27 is equal to 15 27/100 or fifteen and twenty-seven hundredths.