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You are the vice president of Worldwide InfoXchange, headquartered in Minneapolis, Minnesota. All shareholders of the firm live in the United States. Earlier this month

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You are the vice president of Worldwide InfoXchange, headquartered in Minneapolis, Minnesota. All shareholders of the firm live in the United States. Earlier this month you obtained a loan of 7 million Canadian dollars from a bank in Toronto to finance the construction of a new plant in Montreal. At the time the loan was received, the exchange rate was $0.82 to the Canadian dollar. By the end of the month, it has unexpectedly dropped to $0.76. Has your company made a gain or a loss as a result? -Select- + By how much? Enter your answer as a positive value. Round your answer to the nearest dollar

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