A T-bill quote sheet has 90-day T-bill quotes with a 4.92 ask and a 4.86 bid. If the bill has a $10,000 face value, an investor could sell this bill for ________.
A) $10,000
B) $9,878.50
C) $9,877
D) $9,880.16

Name: A T-bill quote sheet has 90-day T-bill quotes with a 4.92 ask and a 4.86 bid. If the bill has a $10,000 face value, an investor could sell this bill for ________. A) $10,000 B) $9,878.50 C) $9,877 D) $9,880.16
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

$9,878.50 = $10,000 × 11eaaae8_8b72_26a3_a4b8_03ed6ae06060_TB6474_11

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