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This morning you purchased 100 shares of a company that trades on the Canadian Stock Exchange for $39 Canadian, which you paid for in U.S.
This morning you purchased 100 shares of a company that trades on the Canadian Stock Exchange for $39 Canadian, which you paid for in U.S. dollars. At the time of the purchase, 1 Canadian dollar bought $0.75 U.S. dollars. However, by the end of the day, 1 Canadian dollar bought $0.77 U.S. dollars and the value of the stock was still $39 Canadian. Which statement regarding this transaction is correct?
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