11. Futures prices (S27-4) If you buy a nine-month T-bill future, you undertake to buy a $1...
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11. Futures prices (S27-4) If you buy a nine-month T-bill future, you undertake to buy a
$1 million three-month bill in nine months’ time. Suppose that Treasury bills and notes currently offer the following yields:
Months to Maturity Annual Yield 3 6%
6 6.5 9 7 12 8 What is the dollar value of a nine-month bill future?
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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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