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spiderman13 spiderman13
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2 years ago
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?

▸ gain of $1.80

▸ loss of $1.80

▸ loss of $6.93 per share

▸ gain of $6.93 per share
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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ikiddingikidding
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2 years ago
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Anonymous
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A year ago
Help! The answer is missing an explanation...
Anonymous
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A year ago
Quote from: Anonymous (A year ago)
Help! The answer is missing an explanation...

I added more context to the answer, hope that helps!
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