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A 178-day T-bill with $1000 face value has dealer's quote as follows: Maturity Days to maturity Bid (%) Asked (%) Price Ask yield 3/5/2020 178
A 178-day T-bill with $1000 face value has dealer's quote as follows:
Maturity Days to maturity Bid (%)
Asked (%)
Price Ask yield 3/5/2020 178 1.823 1.813
Which of the following statements is NOT correct?
Select one:
The ask discount rate is to determine what price the dealer sells to investors
The ask discount rate is to determine what price the dealer sells to investors Dealer's bid price must be lower than ask price.
Dealer's bid price must be lower than ask price. The bid discount rate is to determine what price the dealer buy from investors
The bid discount rate is to determine what price the dealer buy from investors The ask yield is annual percentage yield based on the asked price
The ask yield is annual percentage yield based on the asked price The bid discount rate is to determine what price the dealer sells to investors
A 178-day T-bill with $1000 face value has dealer's quote as follows:
| Maturity | Days to maturity | Bid (%) | Asked (%) | Price | Ask yield |
| 3/5/2020 | 178 | 1.823 | 1.813 |
Which of the following statements is NOT correct?
Select one:
The ask discount rate is to determine what price the dealer sells to investors
Dealer's bid price must be lower than ask price.
The bid discount rate is to determine what price the dealer buy from investors
The ask yield is annual percentage yield based on the asked price
The bid discount rate is to determine what price the dealer sells to investors
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