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Please show work whenever possible. 1. How much would you pay on February 12, 2019, for...

Please show work whenever possible. 1. How much would you pay on February 12, 2019, for a U.S. Treasury bill maturing on October 29, 2019? Assume a face value of $1,000,000, with market bid and ask quotes of 2.76% and 2.74%, respectively.

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Answer #1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Hope this will help, please do comment if you need any further explanation. Your feedback would be highly appreciated.

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