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A T-Bill Quote Sheet Has 90 Day T-Bill Quotes with a 4.92

Question 73

Multiple Choice

A T-bill quote sheet has 90 day T-bill quotes with a 4.92 bid and a 4.86 ask.If the bill has a $10,000 face value an investor could buy this bill for


A) $10,000.00
B) $9,878.50
C) $9,877.00
D) $9,880.16

Correct Answer:

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