Question 6 3.34 points Save Answer A taxpayer purchased a bond denominated in GBP for GBP12,000 when 1 Pound Sterling = 1.27. Taxpayer sells the bond for GBP11,000 when the exchange rate has increased to 1.32. What is the amount and character of taxpayer's gain/loss? $720 capital gain a. Ob. $600 ordinary gain & $720 capital loss $720 capital loss C. $600 ordinary income d