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Suppose a Canadian company purchased merchandise from a British firm for 200,000 British pounds. Assume the exchange rates for the British pound were as follows:
Suppose a Canadian company purchased merchandise from a British firm for 200,000 British pounds. Assume the exchange rates for the British pound were as follows: Date of purchase: $2.36 Date of cash payment: $2.33 What was the exchange gain loss for the Canadian company on this transaction? O A. $6,000 gain OB. $4,000 loss O C. $2,000 gain OD. $8,000 loss
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