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Gerrard purchased a $100,000 US T-bill for $98,000 US at the time when the exchange rate was 0.68.When the T-bill matured,the exchange rate was 0.665.What
Gerrard purchased a $100,000 US T-bill for $98,000 US at the time when the exchange rate was 0.68.When the T-bill matured,the exchange rate was 0.665.What is gerrard's foreign exchange gain,before considering the $200 exemption.
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