Luke purchases a $50,000 face value one-year Treasury bill for $46,296.30, and the next day investors decide they will only buy one-year Treasury bills if they receive an interest rate of 4%
If Luke decides to sell his Treasury bill to another investor the day after he purchased it, he will A) receive a capital gain of $1,780.62.
B) receive a capital gain of $2,000.00.
C) suffer a capital loss of $1,923.08.
D) suffer a capital loss of $1,851.85.
A
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a. statistical; circular flow b. macro; micro c. micro; macro d. positive; normative e. normative; positive
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