Suppose that you$$ buy, and one year later$$ sell, a foreign$($British$)$ bondLOADING... under the following$$ circumstances:

When you buy the bond the exchange rate is $$$$1\mathrm{.}75=$ pound$1.$

You pay pound$45($$$78\mathrm{.}75)$ for the British bond.

You sell the bond for pound$50.$ No interest payment was expected or received.

When you sell the$$ bond, the exchange rate is$$ $$2\mathrm{.}05=$ pound$1.$

Part $2$

What is your gain or loss in$$ dollars? $$$

$$

enter your response here. $($Round your response to the nearest penny and include a minus sign for a$$ loss.$)$