A dealer is quoting a $10,000 face value, 90-day T-bill quoted at 2.75 bid, 2.65 ask. You could buy this bill at ______________ or sell it at _______________.

In this scenario, the quoted rates for the Treasury bill are:

- **Bid:** 2.75% (the rate at which you can sell the bill)
- **Ask:** 2.65% (the rate at which you can buy the bill)

Thus:

- You could **buy** the T-bill at **2.65%** (the ask rate).
- You could **sell** the T-bill at **2.75%** (the bid rate).

Would you like further clarification on how the bid-ask spread affects pricing or calculations? 

Here are 5 questions related to this information:
1. How is the price of a T-bill calculated using the bid and ask rates?
2. What is the significance of the bid-ask spread in financial markets?
3. How do bid and ask rates change with market conditions?
4. How does the maturity of a T-bill impact its yield and price?
5. How can T-bill rates affect overall investment strategies?

**Tip:** In finance, the ask price is always higher than the bid price because it reflects the dealer's selling price versus the buying price.

A dealer is quoting a $10,000 face value, 90-day T-bill quoted at 2.75 bid, 2.65 ask. You could buy this bill at ______________ or sell it at _______________.

Learn how to interpret the bid-ask spread for a 90-day T-bill with a $10,000 face value. This problem explains how you can buy at the ask rate of 2.65% and sell at the bid rate of 2.75%, covering essential concepts in finance and interest rates. Suitable for students in Grades 11-12 or at the college level.

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