Answer:
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
