1. If you buy a nine-month T-bill future, you undertake to buy a three-month bill in nine months’ time. Suppose that Treasury bills and notes currently offer the following yields: Months to Maturity...

1. If you buy a nine-month T-bill future, you undertake to buy a three-month bill in nine months’ time. Suppose that Treasury bills and notes currently offer the following yields:

What is the value of a nine-month bill future?

2. Contains spot and six-month futures prices for several commodities and financial instruments. There may be some money-making opportunities. See if you can find them, and explain how you would trade to take advantage of them. The interest rate is 14.5%, or 7% over the six-month life of the contracts.