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A Treasury bill has a bid yield of 2 . 9 1 and an ask yield of 2 . 8 9 . The bill matures

A Treasury bill has a bid yield of 2.91 and an ask yield of 2.89. The bill matures in 129 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?
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
Treasury bill price
b. What is the dollar spread for this bill?
Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
Dollar spread
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