In April of 2008, Marielle bought 1,200 shares of Yakamura Trading Co. on the Tokyo Stock Exchange at a price of ¥1,150 per share. The exchange rate at the time was ¥99.50 per C$. She sold the stock for ¥1,310 per share in June of 2013 when the exchange rate was ¥96.96 per C$. In Canadian dollars, how much did Marielle gain or lose on the investment?
Correct Answer:
Verified
Q86: Use the currency exchange rates in Table
Q87: Use the currency exchange rates in Table
Q88: Use the currency exchange rates in Table
Q95: Mr. Nolan's will specifies that the proceeds
Q96: The following table shows National Paper Products'
Q164: How much will it cost in Canadian
Q169: A profit-sharing bonus was divided among four
Q181: Keiko arrived in Oshawa to study English
Q184: Before Mr. and Mrs. Percival left for
Q186: Kevin lives in Calgary and wants to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents