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A dealer is quoting a $ 1 0 , 0 0 0 face value, 7 2 - day T - bill quoted at 3 .

A dealer is quoting a $10,000 face value, 72-day T-bill quoted at 3.99 bid, 3.75 ask. If
you buy the bond and immediately sell it at the same quotes, how much money would
you gain or lose?
A. $5 loss
B. $8 loss
C. $13 loss

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