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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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