Question

A dealer is quoting a 180-day T-Bill with a face value of $10,000 that is quoted at 3.75 bid, 3.60 ask. This bill can be bought at ________ or can be sold at ________.
a. $9,879.23; $9,864.36
b. $9,864.36; $9,859.23
c. $9,820.00; $9,812.50
d. $9,802.50; $9,787.50

Answer

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