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Question 1 A trader bought a $ 1 0 , 0 0 0 par T - bill that will mature in 3 2 4 days.

Question 1
A trader bought a $10,000 par T-bill that will
mature in 324 days. The T-bill has a bank
discount bid quote of 4.593% and ask quote of
4.583%.
(1) What is this T-bill's cost?
(2) What is the return on this investment if the
trader hold the T-bill till its maturity?
(3) What is the asked yield?
Extra: Please tell me what's the difference between The bank discount bid quote and ask quote?
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