Bill quote sheet
A T-bill quote sheet has 120-day T-bill quotes with 5.52 bid and 5.46 ask. If the bill has a $10,000 face value, an investor could purchase this bill for _____.
A. $9,818.00
B. $9,816.00
C. $9,820.49
D. $10,000
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Compute your initial investment. At the end of one year you close out your short position by buying shares of MDM Corp at $40 for each share. Compute your dollar profit.
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