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The dollar per euro spot rate was 1 . 1 7 when an importer of French wines placed an order. Six months later, when she

The dollar per euro spot rate was 1.17 when an importer of French wines placed an order.
Six months later, when she takes delivery, the spot rate is 1.12 dollars per euro. If her
original invoice was for 30,000 euro, what is her gain or loss due to exchange rate risk?
A) $1,500 loss
B) $1,500 gain
C) $2,000 loss
D) $2,000 gain
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