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As the cash manager of your company, you wish to buy $1,000,000 in 30-day Treasury bills. You obtain the following bid/ask quotes from three
As the cash manager of your company, you wish to buy $1,000,000 in 30-day Treasury bills. You obtain the following bid/ask quotes from three dealers: Ask 3.00 3.01 2.98 Bid Dealer A Dealer B Dealer C 3.01 3.02 2.99 Which dealer should be selected? State the appropriate quote and calculate the price.
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
