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Isabelle bought 2000 shares of a stock denominated in US dollars at $9.28 USD with Canadian funds when the exchange rate was CDN$1 = US$0.69.

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Isabelle bought 2000 shares of a stock denominated in US dollars at $9.28 USD with Canadian funds when the exchange rate was CDN$1 = US$0.69. When she sold all of her holdings in the stock, it was trading at $8.92 USD and the exchange rate was CDN$1 = US$0.65. How much of a taxable loss or gain did Isabelle realize in Canadian funds? A) $173.80 Taxable Gain B) $547.60 Taxable Gain C) $1,107.69 Allowable taxable Loss D) $553.85 Allowable taxable Loss

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