Question: Answer the next questions using the information in the following table. You are considering the purchase of a $1,000 par value Treasury Bill and observe

Answer the next questions using the information in the following table.

You are considering the purchase of a $1,000 par value Treasury Bill

Answer the next questions using the information in the following table. You are considering the purchase of a $1,000 par value Treasury Bill and observe the following quotes for T-Bills in the market: Ignore transaction costs. Time to Maturity Bid Asked (days) % 60 1.64 1.55 88 1.63 1.54 116 1.62 1.53 144 1.61 1.52 % 5. What is the purchase price of the 144-day bill that you face? A. $993.29 B. $993.56 C. $993.92 D. $994.05

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