Question
You want to purchase a Treasury-Bill, but do not know how much you will need to pay for it. You know you can estimate the
You want to purchase a Treasury-Bill, but do not know how much you will need
to pay for it. You know you can estimate the price from the bid-ask quotes you see. The Bill you are considering has 79 days to maturity and the bid and ask quotes are 1.64 and 1.66. What is the price of the Bill:
a) $9963.79
b) $10,123.45
c) $9789.64
d) $9685.32
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
