Luke purchased a 180-day $500, 000 bank bill on 1 January 2019 at a yield rate of 3.18% p.a. (simple interest rate). He sold this bank bill on 15 April 2019 at a yield rate of 3.06% p.a. (simple interest rate).

d. [4 marks] Calculate the capital gain/loss component of the dollar return on the investment. (The dollar return on the investment means the difference between the sale price and the purchase price). Make sure you identify whether a capital gain or capital loss has been made. Round your answer to two decimal places. Please also explain why capital gain or loss has occurred.

d. 0.5 mark for the correct equation to calculate the sale price at purchase yield rate. 0.5 mark for the correct sale price at purchase yield rate. 0.5 mark for the correct equation to the capital gain/loss. 1 mark for the correct answer (only give 0.5 if the results has not been rounded to two decimal places). 0.5 mark for identifying the result is a capital gain. 1 mark for stating the reason for the capital gain.

Here is the answer from a student 1+3.18% 365 500000 TUT = 495510.2697 d. Sale price at purchase yield rate= Capital gain/loss= 495510.2697 495678.23 = 167.959. This is a capital loss. How many marks should we give for part d? O a. 1.5 Ob. 0 O c. 1 O d. 0.5