A Treasury Bill with a July 11 Maturity Date Is

question 44

Multiple Choice

A Treasury bill with a July 11 maturity date is quoted today at 8.46 bid and 8.40 asked. How much would you pay today (January 11) for one bill?

• A) $9,577
• B) $9,580
• C) $9,588
• D) $8,400

---

Definitions:

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses.

Horizontal Mergers

Mergers between companies that operate in the same industry, often aimed at creating synergies, reducing competition, or achieving economies of scale.

Vertical Mergers

Mergers between companies that operate at different stages within an industry's supply chain, aiming to increase synergies and efficiency.

IRS

The Internal Revenue Service, the U.S. federal agency responsible for administering and enforcing the tax laws and collecting taxes.