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Charles owns a $10,000, U.S. dollar denominated T-bill, which he bought at $9,877.25 US. The exchange rate at the time of purchase was $US 0.7541.

Charles owns a $10,000, U.S. dollar denominated T-bill, which he bought at $9,877.25 US. The exchange rate at the time of purchase was $US 0.7541. The investment matured when the exchange rate was $US 0.7412. What is the amount of Charles' capital gain or loss on this investment for Canadian tax purposes? a) $30.80. b) $162.78. c) $230.80. d) $85.63

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