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1. A treasury bill that has 168 days to maturity has a bid discount percentage of 1.3% and an ask discount percentage of 1.25%. The
1. A treasury bill that has 168 days to maturity has a bid discount percentage of 1.3% and an ask discount percentage of 1.25%. The face value of the T-bill is $10000 a. How much would it cost you to buy this T-bill? b. For how much could you sell this T-bill to a dealer if you already owned the bill? c. what is the ask yield? 2. Discuss the money market in general and three money-market instruments in particular. (1 paragraph )
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