Question
Question: You see a T-Bill quoted (Bid-Ask) at 1.94% - 1.93%. What would you receive if you sold $10,000 Face Value of this T-Bill (assume
Question:
You see a T-Bill quoted (Bid-Ask) at 1.94% - 1.93%. What would you receive if you sold $10,000 Face Value of this T-Bill (assume no commission cost)?
Answer Choices: A. $9,953.89
B. $9,953.66
C. $10,000.00
D. $9,998.74
**EDIT** Number of days, or days to maturity was NOT included in this question. This was the only information given. Is there any way to figure this out without the number of days?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
