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Assume that a Kuwaiti firm has just borrowed $ 1 5 0 million from a US bank that is to be repaid after one year

Assume that a Kuwaiti firm has just borrowed $150 million from a US bank that is to be repaid after one year with interest rate of 5%. If the current ER is KD 0.295. After one year, the ER became KD 0.305/S. Was there a foreign exchange gain or loss? How much would be the gain (or the loss)?

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