Q16, Look at the Treasury Bill quotation from Friday, Feb. 10. On the day these were quoted, a. How much (in total dollars) would you expect to have paid for a $10,000 face value Treasury Bill which matures on May 25, 2006?

Treasury Bllls MATURITY MAT BIDASKED CHG DAYS TO Feb 16 06 6 3.86 3.85-0.21 Feb 23 06 13 4.10 4.09 -0.09 Mar 02 06 20 4.22 4.21-0.03 Mar 09 0627 4.26 4.25 -0.01 Mar 16 06 34 4.24 4.23 Mar 23 06 41 4.24 4.230.01 Mar 30 06 48 4.23 4.22 0.01 Apr 06 06 55 4.28 4.27 0.01 Apr 13 06 62 4.32 431 0.01 Apr 20 06 69 4.34 433 0.01 Apr 27 06 76 4.36 4.35 0.01 May 04 06 83 4.39 4.38 0.01 May l1 06 90 4.404.39 May 18 06 97 439 438 May 25 06 104 4.41 440... Jun 01 06 111 4.43 4.42 Jun 08 06 118 4.44 4.43... Jun 15 06 125 4.46 4.45... Jun 22 06 132 4.45 4,44 Jun 29 06 139 4.45 4.44 0.01 414 5