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1. A Treasury bill has a bid yield of 1.97 and an ask yield of 1.93. The bill matures in 126 days. Assume a face value of $1,000. (Note: You may need to review material from an earlier chapter for the relevant formula.)

2. A Treasury issue is quoted at 102.40465 bid and 102.495 ask. Assume a face value of $1,000. What is the least you could pay to acquire a bond?

3. Which of the following would be reported on Schedule L?

The decedent's medical bills.

Expenses of filing a deed to title a piece of land in the name of a joint tenant.

Expenses for a headstone.

All of these would be reported on Schedule L

Financial Management, Finance

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