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In June, an investor finds out that in September she will receive $ 1 0 million to invest in three month maturity securities . In

In June, an investor finds out that in September she will receive $10 million to invest in three month maturity securities. In June, the 91-day Treasury bill rate is 5.50 per cent. What is the investor's profit (loss) if the 91-day rate falls to 5.20 per cent in September?A. The investor loses $30000 because of the 30 basis point decline in interest rates.B. The investor gains $30000 because of the 30 basis point decline in interest rates.C. The investor gains $7583 because of the 30 basis point decline in interest rates.D. The investor loses $7583 because of the 30 basis point decline in interest rates.

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