Solved: A dealer is quoting a bid discount of 075 and an ask, Finance Basics

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A dealer is quoting a bid discount of 075 and an ask

Can someone provide a walkthrough for the following problem:

A dealer is quoting a bid discount of 0.75 and an ask discount of 0.73 on a T-Bill with a maturity of 125 days. If you want to sell such a T-Bill to the dealer with a face value of $1M, how much would you get for it?

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Finance Basics: A dealer is quoting a bid discount of 075 and an ask

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Finance Basics: A dealer is quoting a bid discount of 075 and an ask

Reference No:- TGS02876901

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