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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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