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Problem 5-8 (LG 5-2) Refer to Table 5-5 Assume a face value of $10,000. a. Calculate the ask price of the T-bill maturing onTABLE 5-5 Treasury Bill Rates Monday, May 16, 2016 Treasury bill bid and ask data are representative over-the-counter quotati

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a T-Bill ask price on Sep 1, 2016 10000x0.248 $24.80
b T-Bill bid price on Nov 10, 2016 10000x0.345 $34.50
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