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You see that a $10,000 T-Bill with a maturity of 90 days is quoted as 0.05 (Bid) and 0.035 (Ask). What would be the price

You see that a $10,000 T-Bill with a maturity of 90 days is quoted as 0.05 (Bid) and 0.035 (Ask). What would be the price that the dealer could purchase this bill for?

Ans: $9,875.00

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