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Days to maturity Bid (%) A 178-day T-bill with $1000 face value has dealer's quote as follows: Maturity Asked Price Ask yield (%) 3/5/2021

Days to maturity Bid (%) A 178-day T-bill with $1000 face value has dealer's quote as follows: Maturity Asked Price Ask yield (%) 3/5/2021 178 1.823 1.813 What is the price you need to pay to buy the T-bill? Select one: a. $1000 b. $990.97 c. $923.52 d. $991.04

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