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If you buy a nine-month T-bill future, you undertake to buy a $1 million three-month...

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If you buy a nine-month T-bill future, you undertake to buy a $1 million three-month bill in nine months' time. Suppose that Treasury bills and notes currently offer the following yields: Months to Maturity 3 6 9 12 Annual Yield 7.9% 8.4 8.9 9.9 What is the dollar value of a nine-month bill future? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Dollar value of a nine-month bill future

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