What gross proceeds (before any commissions on the trade) would an investor receive if she sold a $10,000 face value T-bill that matures October 12, 2017??

$9.955.50?

$9,050.00?

$9.961.50?

$5.550.42

Transcribed Image Text:

Question 3 (3.333 points) Treasury Bill Listings Wall Street Journal, April 18, 2017 Days to Asked Maturity Maturity Bid Asked Chg. Yield 8-Jun-17 51 0.730 0.720 unch. 0.731 17-Aug-17 121 0.793 0.783 (0.010) 0.795 12-Oct-17 177 0.905 0.895 (0.028) 0.911 7-Dec-17 233 0.928 0.918 (0.023) 0.936 29-Mar-18 345 0.988 0.978 (0.020) 1.000 Question 3 (3.333 points) Treasury Bill Listings Wall Street Journal, April 18, 2017 Days to Asked Maturity Maturity Bid Asked Chg. Yield 8-Jun-17 51 0.730 0.720 unch. 0.731 17-Aug-17 121 0.793 0.783 (0.010) 0.795 12-Oct-17 177 0.905 0.895 (0.028) 0.911 7-Dec-17 233 0.928 0.918 (0.023) 0.936 29-Mar-18 345 0.988 0.978 (0.020) 1.000

Answer rating: 100% (QA)

SOLUTION The correct answer is 995550 To calculate the gross ... View the full answer