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Kayla invested $3,000 and purchased shares of a German corporation when the exchange rate was $1.00 = .91 euro. After six months, she sold all

Kayla invested $3,000 and purchased shares of a German corporation when the exchange rate was $1.00 = .91 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was $1.00 = .88 euro. No dividends were paid during the time Kayla owned the shares of stock. What is the amount ofKayla's gain or loss on this investment?

A.

$497.60 loss

B.

$497.60 gain

C.

$613.64 gain

D.

$613.64 loss

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