Kayla invested A$3,000 and purchased shares of a German corporation when the exchange rate was A$1.00 = .70 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was A$1.00 = .68 euro. No dividends were paid during the time Kayla owned the shares. What is the amount of Kayla's gain or loss on this investment?

Question

Quizplus · Accepted Answer

The Answer of Kayla invested A$3,000 and purchased shares of a German corporation when the exchange rate was A$1.00 = .70 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was A$1.00 = .68 euro. No dividends were paid during the time Kayla owned the shares. What is the amount of Kayla's gain or loss on this investment?

Kayla Invested A$3,000 and Purchased Shares of a German Corporation