If the eurodollar cd futures contract is quoted at 9053


1. For a given Treasure Bill of Face Value = FV and time to maturity = t. The Ask yield is 99% of the Bid yield (both on a bank discount basis). If the Dollar Discount D for the Bid yield is $1,560.07. How much is the Dollar Discount D for the Ask yield?

2. If the Eurodollar CD Futures contract is quoted at $90.53, What is the annualized futures 3-month LIBOR?

3. A Treasury bill with 60 days to maturity and $1,000,000 face value is selling at $972,000. What is the yield on a bank discount basis?

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Financial Management: If the eurodollar cd futures contract is quoted at 9053
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