On January 1, 2016, the Exchange Rate of U

Multiple Choice

On January 1, 2016, the exchange rate of U.S.dollars for Australian dollars was 0.730 USD/AUD.On January 15, 2016, the exchange rate was 0.6863 USD/AUD.If a mining company had a net exposure to Australian dollars of 9,750,000 AUD, what is the company's U.S.dollar gain or loss during this two week period?

A) Gain of 620,829 USD
B) Loss of 620,829 USD
C) Loss of 426,075 AUD
D) Gain of 426,075 AUD
E) Loss of 426,075 USD