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The following is the quotation of Treasury bills: Maturity Days to maturity Bid Asked CHG Asked Yield 6/8/2017 51 0.730 0.720 Unch. 0.731 8/17/2017 121

The following is the quotation of Treasury bills:

Maturity

Days to maturity

Bid

Asked

CHG

Asked Yield

6/8/2017

51

0.730

0.720

Unch.

0.731

8/17/2017

121

0.793

0.783

-0.010

0.795

10/12/2017

177

0.905

0.895

-0.028

0.911

12/7/2017

233

0.928

0.918

-0.023

0.936

38/29/2018

345

0.988

0.978

-0.020

1.000

As a seller of T-bills with the maturity date on 6/8/2017, what is the dollar price you expect to receive (face value is $10,000)?

a. $10,000
b. $9,939.49
c. $9,989.80
d. $9,989.66
e. $9,940.59

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