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If you buy a nine-month T-bill future, you undertake to buy a $1 million three-month bill in nine months time. Suppose that Treasury bills and

If you buy a nine-month T-bill future, you undertake to buy a $1 million three-month bill in nine months time. Suppose that Treasury bills and notes currently offer the following yields: Months to Maturity Annual Yield 3 6.3% 6 6.8 9 7.3 12 8.3 What is the dollar value of a nine-month bill future? Note: Do not round intermediate calculations. Round your answer to 4 decimal places

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