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A Dealer Is Quoting a $10,000 Face 180-Day T-Bill Quoted

Question 17

Multiple Choice

A dealer is quoting a $10,000 face 180-day T-Bill quoted at 2.75 bid, 2.65 ask. You could buy this bill at ______________ or sell it at _______________.


A) $9,869.23; $9864.36
B) $9864.36; $9,869.23
C) $9,867.50; $9862.50
D) $9,862.50; $9,867.50
E) none of the above Buy at 10,000 *[1-(0.0265 *80/360) ]; Sell at 10,000 * [1-(0.0275 *180/360) ]

Correct Answer:

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