Last year a technology company bought one million shares of a Toyota stock at 50 per share and sold it one year later at 60. The spot exchange rate one year ago was $1.50 = 1 and the spot rate

prevailing at the end of the year was $1.70 = 1.

a.What are the values of that particular technology company's gain(loss) in Euros (provide amount and percentage)

b.What the values of that particular technology company's gain(loss) in USD (provide amount and percentage).

c.What could possibly explain the difference between their portfolio performance

in Euros and USD.

Please show all work.