Bid-ask quotes, Financial Management

As the cash manager of your company, you wish to buy $1,000,000 in 30-day Treasury bills. You obtain the following bid/ask quotes from three dealers:

                              Bid                  Ask
Dealer A               3.01                 3.00
Dealer B                3.02                 3.01
Dealer C                2.99                 2.98

Which dealer should be selected? State the appropriate quote and calculate the price.

Posted Date: 2/25/2013 2:24:27 AM | Location : United States







Related Discussions:- Bid-ask quotes, Assignment Help, Ask Question on Bid-ask quotes, Get Answer, Expert's Help, Bid-ask quotes Discussions

Write discussion on Bid-ask quotes
Your posts are moderated
Related Questions
Explain Swap Dealer A swap dealer is a market maker of swaps and predicts a risk position in matching opposite sides of a swap and in making sure that every counterparty fulfil

Evaluation of money-market hedge Expected receipt after 3 months = $300000 Dollar interest rate over three months = 5.4/ 4 = 1.35% Dollars to borrow now to have $300000 l

Question: (a) Describe the Interest Rate Parity Theory. (b) A company needs to pay in 3 months USD 1 million. The USD are already at disposal in the company, thus the c

Questions How is a bond like a loan?                                               How does an investor receive a return from buying a bond?  Does a bond's yield to ma

State the impact on profitability of the company Everything you do has an impact on profitability of the company(including drinking ten cups of coffee in a day!). So if you wan

What its the net income? Total current assets, plant and equipment, net plant and equipment, our net account receivable?

Assets Pension insurance companies' assets can be divided into five main investment classes: cash, long-term bonds, stocks, property and loans. The total returns on the assets

A)  What are the statements of financial information? Talk about two items from each. B)   Describe statement of changes in financial positions, with an example.

Define operating cycle and long and short operating cycle? Use of operating cycle? Can someone give me assistance on these questions??

Parallel T rade It is a form of countertrade that involves the execution of 2 distinct and individually enforceable contracts: the first for the sale of goods by an exp