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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: What is the dollar value of a nine-month bill future? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
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