A Treasury bill has a bid yield of 3.46% and an ask yield of 3.4%. The bill matu
ID: 2761933 • Letter: A
Question
A Treasury bill has a bid yield of 3.46% and an ask yield of 3.4%. The bill matures in 123 days. Assume a face value of $1,000. What is the dollar spread for this bill? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "$" sign in your response.)
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A Treasury bill has a bid yield of 3.46% and an ask yield of 3.4%. The bill matures in 123 days. Assume a face value of $1,000. What is the dollar spread for this bill? (Do not round intermediate calculations. Round your answer to 3 decimal places. Omit the "$" sign in your response.)
Explanation / Answer
DOLLAR SPREAD = BID - ASK = 3.46%-3.4% = 0.06%*1000 =0.60
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