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