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4. value: 10.00 points If you buy a nine-month T-bill future, you undertake to buy a $1 million three-month bill in nine months' time. Suppose

4. value: 10.00 points 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 3 6 9 12 Annual Yield 7.3% 7.8 8.3 9.3 What is the current value of a nine-month bill future? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Futures price

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