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A 90-day T-bill has a 5.17% ask and a 5.11% bid. If the T-bill has a $10,000 face value, an investor could sell this bill

A 90-day T-bill has a 5.17% ask and a 5.11% bid. If the T-bill has a $10,000 face value, an investor could sell this bill for _____.

Multiple Choice

$9,874.00

$10,000

$9,870.75

$9,872.25

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