Question
) Darius is perusing the Wall Street Journal with his ample free time today. He observes the following quotes. Maturity Bid Asked Chg Asked yield
) Darius is perusing the Wall Street Journal with his ample free time today. He observes the following quotes.
Maturity | Bid | Asked | Chg | Asked yield |
12/6/2018 | 2.100 | 2.090 | -0.005 | 2.129 |
12/13/2018 | 2.113 | 2.103 | unch. | 2.143 |
12/20/2018 | 2.118 | 2.108 | 0.002 | 2.149 |
12/27/2018 | 2.120 | 2.110 | -0.007 | 2.152 |
He is convinced based on his extensive knowledge of the market for alternative assets in Atlanta that whoever is dealing in these securities is making money. As his adviser, you tell him hes on to something. Tell him, per $10,000 of face value, what is the dealers profit today is on the bill that matures on December 6? (There are 77 days between today and December 6.)
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