If you buy a nine-month T-bill future, you undertake to buy a three-month bill in nine months?
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If you buy a nine-month T-bill future, you undertake to buy a three-month bill in nine months? time. Suppose that Treasury bills and notes currently offer the following yields:
What is the value of a nine-month bill future?
Transcribed Image Text:
Months to Maturity Annual Yield 3 6% 6.5 7 12 8
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Related Book For
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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