a. Calculate the ask price of the T-bill maturing on September 08, 2016 as of May 16, 2016. b. Calculate the bid price of the T-bill maturing on May 26, 2016, as of May 16, 2016. (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
Refer to Table 5-5 a. Calculate the ask price of the T-bill maturing on September 08, 2016 as of May 16, 2016. b. Calculate the bid price of the T-bill maturing on May 26, 2016, as of May 16, 2016 (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a T-bill ask price T-bill bid price C TABLE 5-5 TreaSury Bill Rates Monday, May 16, 2016 Treasury bill bid and ask data are representative over-the-counter quotations as of 3 p.m. Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. Maturity Asked Yield Bid Asked Chg -0.030 5/19/2016 0.168 0.158 0.160 -0.055 5/26/2016 0.173 0.163 0.165 0.203 -0.038 6/2/2016 0.193 0.196 0.188 6/9/2016 0.195 0.185 -0.038 6/16/2016 0.193 0.183 0.028 0.186 0.203 -0.010 0.196 6/23/2016 0,193 6/30/2016 0.210 0.200 -0.010 0.203 0.201 0.208 -0.015 7/7/2016 0.198 0.205 7/14/2016 0.215 0.020 0.209 7/21/2016 0.233 0.223 -0.023 0.226 7/28/2016 0.245 0.235 0.008 0.239 8/4/2016 0.255 0.245 -0.005 0.249 0.249 S/11/2016 0.255 0.245 0.020 S/18/2016 0.255 0.245 -0.018 0.249 0.265 8/25/2016 0.255 0.005 0.259 9/1/2016 0.258 0.248 0.015 0.252 9/8/2016 0.255 0.245 -0.015 0.249 9/15/2016 0.263 0.253 0.003 0.257 0.268 9/22/2016 0.278 -0.018 0.272 0.280 -0.013 9/29/2016 0.270 0.274 10/6/2016 0.297 0.303 0.293 -0.013 10/13/2016 0.308 0.298 -0.005 0.303 10/20/2016 0.323 0.313 -0.025 0.317 10/27/2016 -0.025 0.315 0.320 0.310 0.333 11/3/2016 0.338 0.328 -0.025 -0.025 0.345 0.335 11/10/2016 0.34 12/8/2016 0.350 0.340 -0.005 0.346 1/5/2017 0.338 0.328 -0.005 0.334 0.41S 2/2/2017 0.428 0.003 0.426 3/2/2017 0.460 0.450 -0.010 0.458 0.485 0.475 -0.013 0.484 3/30/2017 4/27/2017 0.523 0.513 -0.010 0.522 Refer to Table 5-5 a. Calculate the ask price of the T-bill maturing on September 08, 2016 as of May 16, 2016. b. Calculate the bid price of the T-bill maturing on May 26, 2016, as of May 16, 2016 (For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) a T-bill ask price T-bill bid price C TABLE 5-5 TreaSury Bill Rates Monday, May 16, 2016 Treasury bill bid and ask data are representative over-the-counter quotations as of 3 p.m. Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. Maturity Asked Yield Bid Asked Chg -0.030 5/19/2016 0.168 0.158 0.160 -0.055 5/26/2016 0.173 0.163 0.165 0.203 -0.038 6/2/2016 0.193 0.196 0.188 6/9/2016 0.195 0.185 -0.038 6/16/2016 0.193 0.183 0.028 0.186 0.203 -0.010 0.196 6/23/2016 0,193 6/30/2016 0.210 0.200 -0.010 0.203 0.201 0.208 -0.015 7/7/2016 0.198 0.205 7/14/2016 0.215 0.020 0.209 7/21/2016 0.233 0.223 -0.023 0.226 7/28/2016 0.245 0.235 0.008 0.239 8/4/2016 0.255 0.245 -0.005 0.249 0.249 S/11/2016 0.255 0.245 0.020 S/18/2016 0.255 0.245 -0.018 0.249 0.265 8/25/2016 0.255 0.005 0.259 9/1/2016 0.258 0.248 0.015 0.252 9/8/2016 0.255 0.245 -0.015 0.249 9/15/2016 0.263 0.253 0.003 0.257 0.268 9/22/2016 0.278 -0.018 0.272 0.280 -0.013 9/29/2016 0.270 0.274 10/6/2016 0.297 0.303 0.293 -0.013 10/13/2016 0.308 0.298 -0.005 0.303 10/20/2016 0.323 0.313 -0.025 0.317 10/27/2016 -0.025 0.315 0.320 0.310 0.333 11/3/2016 0.338 0.328 -0.025 -0.025 0.345 0.335 11/10/2016 0.34 12/8/2016 0.350 0.340 -0.005 0.346 1/5/2017 0.338 0.328 -0.005 0.334 0.41S 2/2/2017 0.428 0.003 0.426 3/2/2017 0.460 0.450 -0.010 0.458 0.485 0.475 -0.013 0.484 3/30/2017 4/27/2017 0.523 0.513 -0.010 0.522
