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Suppose that you buy, and one year later sell, a foreign (British) bond under the following circumstances: When you buy the bond the exchange rate

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Suppose that you buy, and one year later sell, a foreign (British) bond under the following circumstances: When you buy the bond the exchange rate is $2.00 = 1. You pay 45 ($90.00) for the British bond. You sell the bond for 50. No interest payment was expected or received. When you sell the bond, the exchange rate is $1.75 = 1. What is your gain or loss in dollars? $ (Round your response to the nearest penny and include a minus sign for a loss.)

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