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2. XYZ has cash of FC 100,000 on both April 30 and May 31, 2010. The applicable spot rates for April 30 and May 31

2. XYZ has cash of FC 100,000 on both April 30 and May 31, 2010. The applicable spot rates for April 30 and May 31 are as follows: April 30: 1 US 5FC May 31: 1 US 4FC How much is the FX transaction gain or loss on May 31, 2010

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