ook at the Treasury Bill quotation from Friday, Feb. 10 n the day these were quo

Question

ook at the Treasury Bill quotation from Friday, Feb. 10 n the day these were quoted, . How much (in total dollars) would you expect to have paid for a $10,000 face value Treasury Bill which matures on May 25, 2006: Treasury Bills DAYS TO MATURITY MAT BID ASKED CHG Feb 16 06 Feb 23 06 13 4.10 4.09 -0.09 Mar 02 06 20 4.22 4.21 -0.0:3 Mar 09 06 27 4.26 4.25 -0.01 Mar 16 06 34 4.24 4.23 Mar 23 06 41 4.24 4.23 0.01 Mar 30 06 48 4.23 4.22 0.01 Apr 06 06 55 4.28 4.27 0.01 Apr 13 06 62 4.32 431 0.01 Apr 20 06 . 69 4.344.33 0.01 Apr 27 06 76 4.36 4.35 0.01 May04 06 83 4.39 438 0.01 Mayl1 06 90 4.40439 May18 06 97 4.39 4.38 May 25 06 104 4.41 440 Jun 01 06 111 4.43 4.42 Jun 08 06 118 4.44 4.43 Jun 15 06 125 4.46 4.45. Jun 22 06 132 4.45 4.44.. Jun 29 06 139 4.45 444 0.01 3.86 3.85 -0.21 6 nter values without any punctuation. So for $900 enter "900" or "900.00" but not "$900" and not "nine hundred." arry calculation to pennies

Explanation / Answer

Ask price is the price at which seller is ready to sell. In this case asked price is 1044.40% of face value

price to be paid = 10000*104.40% = 10400.40

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