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Laurent Bought Shares of a Canadian Company for 78 Canadian

Question 128

Multiple Choice

Laurent bought shares of a Canadian company for 78 Canadian dollars per share. Two years later, he sold at 75 Canadian dollars per share. At the time of purchase, the Canadian dollar was at U.S. 81 and at the time of sale, U.S .75. What was Laurent's gain or loss in U.S. dollars?


A) gain of $1.80
B) loss of $1.80
C) loss of $6.93 per share
D) gain of $6.93 per share

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