On September 1, 2019, the exchange rate of U.S. dollars for New Zealand dollars was 0.730 USD/NZD. On September 15, 2019, the exchange rate was 0.6863 USD/NZD. If a mining company had a net exposure to New Zealand dollars of 9,750,000 NZD, what is the company's U.S. dollar gain or loss during this two week period?

Select one:

a. Gain of 620,829 USD

b. Loss of 620,829 USD

c. Loss of 426,075 NZD

d. Gain of 426,075 NZD

e. Loss of 426,075 USD