A Treasury bill has a bid yield of 3.54 and an ask yield of 3.48. The...
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A Treasury bill has a bid yield of 3.54 and an ask yield of 3.48. The bill matures in 178 days. Assume a face value of $1,000. (Note: You may need to review material from an earlier chapter for the relevant formula.) a. At what price could you sell the Treasury bill? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. b. What is the dollar spread for this bill? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. A Treasury bill has a bid yield of 3.54 and an ask yield of 3.48. The bill matures in 178 days. Assume a face value of $1,000. (Note: You may need to review material from an earlier chapter for the relevant formula.) a. At what price could you sell the Treasury bill? Note: Do not round intermediate calculations. Round your answer to 3 decimal places. b. What is the dollar spread for this bill? Note: Do not round intermediate calculations. Round your answer to 3 decimal places.
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Auditing A Practical Approach
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