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Given the Table below, calculate the purchase price of the Treasury bill with the maturity date on March 29, 2018. Assume a face value of
Given the Table below, calculate the purchase price of the Treasury bill with the maturity date on March 29, 2018. Assume a face value of $10,000. MATURITY DAYS TO MATURITY BID ASKED CHG ASKED YIELD June 8, 2017 51 0.730 0.720 unch. 0.731 August 17, 2017 121 0.793 0.783 0.795 October 12, 2017 0.905 0.895 0.911 December 7, 2017 0.928 0.936 March 29, 2018 0.988 0.978 1.000 177 233 345 $9,989.80 $9,780 None of the answers is correct $9,905.32 $10,000 -0.010 -0.028 0.918 -0.023 -0.020
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