Question
A dealer is quoting a 180-day T-bill with a face value of $10,000 that is quoted at 3.75 bid, 3.60 ask. For investors, this bill
A dealer is quoting a 180-day T-bill with a face value of $10,000 that is quoted at 3.75 bid, 3.60 ask. For investors, this bill can be bought at ____ or can be sold at ____.
A) $9,802,50; $9,787.50
B) $9,820.00; $9,812.50
C) $9,864.36; $9,859.23
D) $9,879.23; $9,864.36
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The detailed answer for the above question is provided below ANSWER To calculate the price at which the investor can buy or sell the 180day Tbill we n...
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Understanding Financial Accounting
Authors: Christopher D. Burnley
3rd Canadian Edition
1119715474, 9781119715474
