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NEW QUESTION: 1
Which of the following price quotes is representative of a treasury bill?
A. 5.55 - 5.75
B. 98.9 - 100
C. 5.78 - 5.73
D. 96 - 96½
Answer: C
Explanation:
Explanation/Reference:
Explanation: 5.78 - 5.73. Prices for treasury bills are quoted as percentage yields. A quotation in yield means the first price in the spread - the bid price - should be higher than the offer price. A higher yield means a lower price.