Calculate the dollar price implicit in a bank-accepted bill futures contract with a face value of $1 000 000,a reported price of $95.00 (the price of the trade),and 90 days to maturity.
A)$998 252
B)$952 381
C)$960 242
D)$987 821

Question

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The Answer of Calculate the dollar price implicit in a bank-accepted bill futures contract with a face value of $1 000 000,a reported price of $95.00 (the price of the trade),and 90 days to maturity.
A)$998 252
B)$952 381
C)$960 242
D)$987 821

Calculate the Dollar Price Implicit in a Bank-Accepted Bill Futures