An investor is interested in selling a T-bill which is quoted with a 3.75% ask yield and a 3.95% bid yield. The bill has 80 days to maturity. What will be the price that the investor could sell for? (note that the Treasury Bill has a $10,000 face value and uses bank discount rate method)

Answer rating: 100% (QA)

The price should be calculated using the bid ... View the full answer