A Treasury bill has a bid yield of 2.05 and an ask yield of 2.01. The bill matures in 181 days. Assume a face value of $

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A Treasury bill has a bid yield of 2.05 and an ask yield of 2.01. The bill matures in 181 days. Assume a face value of $

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A Treasury bill has a bid yield of 2.05 and an ask yield of2.01. The bill matures in 181 days. Assume a face value of $1,000.(Note: You may need to review material from an earlier chapter forthe relevant formula.)
a. At what price could you sell theTreasury bill? (Do not round intermediatecalculations. Round your answer to 3 decimal places.)
b. What is the dollar spread for thisbill? (Do not round intermediate calculations. Roundyour answer to 3 decimal places.)
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