Assume today is 9/12/2017 and you read the following quotation of Treasury bill from Wall Street Journal: Maturity
Bid Ask Change Asked Yield
12/12/2017 1.033 1.023 0.013 1.039
Please answer the following questions:
1) If you want to buy treasury bill, which price will apply to your transaction, Bid or Ask?
2) How many days will you hold the treasury bill, assuming that you hold it until it matures?_____ days 2) How much you need to pay to buy the treasury bill with a par value of $1,000? (Please ignore $ and round it to the second decimal.)