A T-bill quote sheet has 120-day T-bill quotes with a 5.07 ask and a 5.01 bid. If the bill has a $10,000 face value, an investor could sell this bill for .

a. $9,833.00
b. $9,835.29
c. $10,000
d. $9,831.00

a. $9,833.00

Explanation:

When selling or buying T-bills we need to consider

The bid price or price at which buyers are willing to purchase a T-bill

The ask price which is price at which sellers are willing to give T-bill, and

The face value which is the price of the T-bill at maturity

Sale price = Face value(1- {Ask price*Time}/360)

Sale price = 10,000(1-{0.0501*120}/360)

Sale price = 10,000* 0.9833

Sale price= $9,833

answer; proclamation of 1763;