Question
(a) If the offered price of a Treasury bill with 74 days to maturity and a $10 million face amount is $9,916,306, what is the
(a) If the offered price of a Treasury bill with 74 days to maturity and a $10 million face amount is $9,916,306, what is the yield on a bank discount basis?
(b) If the bid yield on a bank discount basis is 1.5bp higher than the offered yield, what is the bid price?
(c) What is the bid-ask spread in dollars?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
