Friday, November 18, 2022 Treasury bill bid and ask data are representative over-the-counter quotations as of 3pm Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. MATURITY 11/22/2022 BID ASKED CHG ASKED YIELD 3.525 3.515 +0.035 3.564 11/25/2022 3.453 3.443 unch. 3.492 11/29/2022 3.553 3.543 -0.015 3.595 12/1/2022 3.340 3.330 +0.055 3.379 12/6/2022 3.623 3.613 -0.015 3.668 12/8/2022 3.735 3.725 +0.143 3.783 12/13/2022 3.605 3.595 +0.010 3.653 12/15/2022 3.178 3.168 -0.010 3.218 12/20/2022 3.703 3.693 +0.033 3.755 12/22/2022 3.685 3.675 +0.018 3.738 12/27/2022 3.853 3.843 +0.005 3.911 12/29/2022 3.865 3.855 +0.050 3.925 1/3/2023 3.858 3.848 unch. 3.919 1/5/2023 3.748 3.738 -0.010 3.807 1/10/2023 3.935 3.925 unch. 4.001 1/12/2023 3.855 3.845 +0.023 3.920 1/17/2023 3.948 3.938 n.a. 4.0172 1/19/2023 3.870 3.860 +0.020 3.939 1/26/2023 3.903 3.893 +0.030 3.975 2/2/2023 4.045 4.035 +0.072 4.125 2/9/2023 4.093 4.083 +0.033 4.177 2/16/2023 4.153 4.143 +0.025 4.243 2/21/2023 4.118 4.108 +0.012 4.209 2/23/2023 4.158 4.148 +0.100 4.251 2/28/2023 4.118 4.108 +0.025 4.212 3/2/2023 4.098 4.088 +0.027 4.204 3/7/2023 4.245 4.235 +0.025 4.348 3/9/2023 4.213 4.203 +0.020 4.327 3/14/2023 4.288 4.278 +0.020 4.396 3/16/2023 4.233 4.223 +0.013 4.352 3/21/2023 4.338 4.328 +0.010 4.452 3/23/2023 4.233 4.223 -0.005 4.355 3/30/2023 4.210 4.200 +0.013 4.335 Refer to Table 5-5. Assume a face value of $10,000. a. Calculate the ask price of the Treasury bill maturing on March 21, 2023, as of November 18, 2022. b. Calculate the bid price of the Treasury bill maturing on December 29, 2022, as of November 18, 2022. Note: For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16) × Answer is complete but not entirely correct. Amount a. Treasury bill ask price $ 9,974.34 x b. Treasury bill bid price $ 9,933.33
Friday, November 18, 2022 Treasury bill bid and ask data are representative over-the-counter quotations as of 3pm Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and based on the asked quote. MATURITY 11/22/2022 BID ASKED CHG ASKED YIELD 3.525 3.515 +0.035 3.564 11/25/2022 3.453 3.443 unch. 3.492 11/29/2022 3.553 3.543 -0.015 3.595 12/1/2022 3.340 3.330 +0.055 3.379 12/6/2022 3.623 3.613 -0.015 3.668 12/8/2022 3.735 3.725 +0.143 3.783 12/13/2022 3.605 3.595 +0.010 3.653 12/15/2022 3.178 3.168 -0.010 3.218 12/20/2022 3.703 3.693 +0.033 3.755 12/22/2022 3.685 3.675 +0.018 3.738 12/27/2022 3.853 3.843 +0.005 3.911 12/29/2022 3.865 3.855 +0.050 3.925 1/3/2023 3.858 3.848 unch. 3.919 1/5/2023 3.748 3.738 -0.010 3.807 1/10/2023 3.935 3.925 unch. 4.001 1/12/2023 3.855 3.845 +0.023 3.920 1/17/2023 3.948 3.938 n.a. 4.0172 1/19/2023 3.870 3.860 +0.020 3.939 1/26/2023 3.903 3.893 +0.030 3.975 2/2/2023 4.045 4.035 +0.072 4.125 2/9/2023 4.093 4.083 +0.033 4.177 2/16/2023 4.153 4.143 +0.025 4.243 2/21/2023 4.118 4.108 +0.012 4.209 2/23/2023 4.158 4.148 +0.100 4.251 2/28/2023 4.118 4.108 +0.025 4.212 3/2/2023 4.098 4.088 +0.027 4.204 3/7/2023 4.245 4.235 +0.025 4.348 3/9/2023 4.213 4.203 +0.020 4.327 3/14/2023 4.288 4.278 +0.020 4.396 3/16/2023 4.233 4.223 +0.013 4.352 3/21/2023 4.338 4.328 +0.010 4.452 3/23/2023 4.233 4.223 -0.005 4.355 3/30/2023 4.210 4.200 +0.013 4.335 Refer to Table 5-5. Assume a face value of $10,000. a. Calculate the ask price of the Treasury bill maturing on March 21, 2023, as of November 18, 2022. b. Calculate the bid price of the Treasury bill maturing on December 29, 2022, as of November 18, 2022. Note: For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16) × Answer is complete but not entirely correct. Amount a. Treasury bill ask price $ 9,974.34 x b. Treasury bill bid price $ 9,933.33
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 36P
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Transcribed Image Text:Friday, November 18, 2022 Treasury bill bid and ask data are representative over-the-counter quotations as of 3pm Eastern time quoted as a discount to face value. Treasury bill yields are to maturity and
based on the asked quote.
MATURITY
11/22/2022
BID
ASKED
CHG
ASKED YIELD
3.525
3.515
+0.035
3.564
11/25/2022
3.453
3.443
unch.
3.492
11/29/2022
3.553
3.543
-0.015
3.595
12/1/2022
3.340
3.330 +0.055
3.379
12/6/2022
3.623
3.613
-0.015
3.668
12/8/2022
3.735
3.725
+0.143
3.783
12/13/2022
3.605
3.595
+0.010
3.653
12/15/2022
3.178
3.168
-0.010
3.218
12/20/2022
3.703
3.693
+0.033
3.755
12/22/2022
3.685
3.675
+0.018
3.738
12/27/2022
3.853
3.843
+0.005
3.911
12/29/2022
3.865
3.855
+0.050
3.925
1/3/2023
3.858
3.848
unch.
3.919
1/5/2023
3.748
3.738
-0.010
3.807
1/10/2023
3.935
3.925
unch.
4.001
1/12/2023
3.855
3.845
+0.023
3.920
1/17/2023
3.948
3.938
n.a.
4.0172
1/19/2023
3.870
3.860 +0.020
3.939
1/26/2023
3.903
3.893
+0.030
3.975
2/2/2023
4.045
4.035
+0.072
4.125
2/9/2023
4.093
4.083
+0.033
4.177
2/16/2023
4.153
4.143
+0.025
4.243
2/21/2023
4.118
4.108 +0.012
4.209
2/23/2023
4.158
4.148 +0.100
4.251
2/28/2023
4.118
4.108 +0.025
4.212
3/2/2023
4.098
4.088
+0.027
4.204
3/7/2023
4.245
4.235
+0.025
4.348
3/9/2023
4.213
4.203
+0.020
4.327
3/14/2023
4.288
4.278
+0.020
4.396
3/16/2023
4.233
4.223
+0.013
4.352
3/21/2023
4.338
4.328
+0.010
4.452
3/23/2023
4.233
4.223
-0.005
4.355
3/30/2023
4.210
4.200
+0.013
4.335
Transcribed Image Text:Refer to Table 5-5.
Assume a face value of $10,000.
a. Calculate the ask price of the Treasury bill maturing on March 21, 2023, as of November 18, 2022.
b. Calculate the bid price of the Treasury bill maturing on December 29, 2022, as of November 18, 2022.
Note: For all requirements, use 360 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal
places. (e.g., 32.16)
× Answer is complete but not entirely correct.
Amount
a. Treasury bill ask price
$
9,974.34 x
b. Treasury bill bid price
$
9,933.33
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