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3. (10 points) Darius is perusing the Wall Street Journal with his ample free time today. He observes the following quotes. Maturity 12/6/2018 12/13/2018 12/20/2018
3. (10 points) Darius is perusing the Wall Street Journal with his ample free time today. He observes the following quotes. Maturity 12/6/2018 12/13/2018 12/20/2018 12/27/2018 Bid 2.100 2.113 2.118 2.120 Asked 2.090 2.103 2.108 2.110 Chg -0.005 unch. 0.002 -0.007 Asked yield 2.129 2.143 2.149 2.152 He is convinced based on his extensive knowledge of the market for alternative assets in Atlanta that whoever is dealing in these securities is making money. As his adviser, you tell him he's on to something. Tell him, per $10,000 of face value, what the dealer's profit today is on the bill that matures on December 6? (There are 77 days between today and December 6.) 3. (10 points) Darius is perusing the Wall Street Journal with his ample free time today. He observes the following quotes. Maturity 12/6/2018 12/13/2018 12/20/2018 12/27/2018 Bid 2.100 2.113 2.118 2.120 Asked 2.090 2.103 2.108 2.110 Chg -0.005 unch. 0.002 -0.007 Asked yield 2.129 2.143 2.149 2.152 He is convinced based on his extensive knowledge of the market for alternative assets in Atlanta that whoever is dealing in these securities is making money. As his adviser, you tell him he's on to something. Tell him, per $10,000 of face value, what the dealer's profit today is on the bill that matures on December 6? (There are 77 days between today and December 6.)
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