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A T-bill quote sheet has 90-day T-bill quotes with a 4.92 bid and a 4.86 ask. If the bill has a $10,000 face value, an
A T-bill quote sheet has 90-day T-bill quotes with a 4.92 bid and a 4.86 ask. If the bill has a $10,000 face value, an investor could buy this bill for _____. (9 points)
A. $9,880.16
B. $10,000
C. $9,877
D. $9,878.50
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
