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Given the following T-Bill Quote: Days to Maturity Bid Asked Change Ask Yield 122 Days 1.85 1.70 +0.001 ? What is the dollar amount of
Given the following T-Bill Quote:
| Days to Maturity | Bid | Asked | Change | Ask Yield |
| 122 Days | 1.85 | 1.70 | +0.001 | ? |
What is the dollar amount of the dealers profit on $1,000,000 face value of T-bills (i.e., what is the dealers bid-ask spread on $1,000,000)?
What is the Ask Yield or Bond Equivalent yield for this T-bill?
What is the effective annual return on this T-bill?
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