A Treasury bill has a bid yield of 1.93 and an ask yield of 1.89. The bill matures in 200 days. Assume a face value of $1,000. (Note: You may need to review material from an earlier chapter for the relevant formula.)

a. At what price could you sell the Treasury bill? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

b. What is the dollar spread for this bill? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

Answer is complete and correct. Treasury bill price $ 989.750 Answer is complete but not entirely correct. Dollar spread $ 989.750