Question: this is the question ive asked the question before and the andwer was incorrect. this is the incorrect answer 4. Assume, $1,000,000 face value, 90-day
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4. Assume, $1,000,000 face value, 90-day maturity (The year day-count is assumed to be 360 for money market instruments), for Treasury bill futures contract and discount yield of 3.32%. A. What would be its quoted price? B. What would be its actual dollar price you would have to pay? C. What does it really mean? Why would you buy it? 4. Assume, $1,000,000 face value, 90-day maturity (The year day-count is assumed to be 360 for money market instruments), for Treasury bill futures contract and discount yield of 3.32 %. A. What would be its quoted price? Quoted price is $1,000,000 B. What would be its actual dollar price you would have to pay? 1,000,000*PVF(0.83%,1) 1,000,000*0.9918 -991,768.32
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