QUESTION 10 2 points Save Answer Assume a $1 million Treasury Bill futures contr

Question

QUESTION 10 2 points Save Answer Assume a $1 million Treasury Bill futures contract with an index price of 94.23 (and a yield on a bank discount basis of 5.77%), the dollar discount for the 13-week Treasury bill to be delivered with 91 days to maturity. Calculate the D - Dollar discount, which is equal to the difference between the face value and the price of a bill maturing in t days. $8,228 $6,446 $14,585 $10,010 $11,792 QUESTION 11 2 pointsSave Answer Bond Math: Based on the information provided, what would the estimated percentage price change 100 ect2

Explanation / Answer

Discount value = $1,000,000 × 5.77% / (91 / 360)

= $1,000,000 × 1.4585%

= $14,585

Discount value on treasury bond is $14,585.

Option (C) is correct answer.

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