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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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
