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FIGURE 2.1 Treasury bill listings Source: Wall Street Journal Online April 18, 2017 ASKED YIELD BID MATURITY June 8, 2017 August 17, 2017 October 12,

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FIGURE 2.1 Treasury bill listings Source: Wall Street Journal Online April 18, 2017 ASKED YIELD BID MATURITY June 8, 2017 August 17, 2017 October 12, 2017 December 7, 2017 March 29, 2018 DAYS TO MATURITY 51 121 177 233 345 0.730 0.793 0.905 0.928 0.988 ASKED 0.720 0.783 0.895 0.918 0.978 CHG unch -0.010 -0.028 -0.023 -0.020 0.731 0.795 0.911 0.936 1.000 Please answer the following three questions regarding the December 7, 2017 T-bill in Figure 2-1. Assume that the par value of the bill is $10,000. Q1: How much do you have to pay to buy the T-bill? Q2: How much will you receive if you sell the bill? Q3: Please double check the Asked Yield, using the result from Qi

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