Problem on selection of dealer


Question: As the cash manager of your company, you wish to buy $1,000,000 in 30-day Treasury bills. You obtain the following bid/ask quotes from three dealers:

-Dealer A 3.01 3.00
-Dealer B 3.02 3.01
-Dealer C 2.99 2.98

Which dealer should be selected? State the appropriate quote and calculate the price.

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Finance Basics: Problem on selection of dealer
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