You are the vice president of Finance for Apple. Headquartered in Cupertino. Earlier this month, Apple obtains a loan to improve facilities in Europe. The loan was for 50 million euros to finance a new factory in Grenoble France. At the time the loan was received, the exchange rate was $1 1$ to the Euro. By the end of the month, it had unexpectedly dropped to $1.00 to the Euro. Has Apple made a gain or loss and by how much