On March 21, Samantha purchased 500 shares of Microsoft at a price of US$19.09 at a time when the exchange rate was C$1.02843 per US Dollar. On August 27, Samantha sells all the shares at a price of US$22.10 at a time when the exchange rate was C$1.03133. Her profit in Canadian Dollars was C$1,579.83.

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The exchange rate on March 21 was C$1.02843 per US Dollar, and the exchange rate on August 27 was C$1.03133 per US Dollar. This means that the Canadian dollar appreciated against the US dollar over this period. As a result, Samantha received more Canadian dollars for her US dollars when she sold her shares on August 27 than she did when she purchased them on March 21. This contributed to her profit in Canadian dollars.

On March 21, Samantha Purchased 500 Shares of Microsoft at a Price