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Assume that the US dollar is your functional currency. You invested 2.50 euros @ 1/1/20 by purchasing a European security when the euro = $1.18.

Assume that the US dollar is your functional currency. You invested 2.50 euros @ 1/1/20 by purchasing a European security when the euro = $1.18. At 31/12/20, you sold your European security @ 3.0 euros when the euro = $1.21. (Answer next 3 questions

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