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Kayla Invested A$3,000 and Purchased Shares of a German Corporation

Question 39

Multiple Choice

Kayla invested A$3,000 and purchased shares of a German corporation when the exchange rate was A$1.00 = .70 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was A$1.00 = .68 euro. No dividends were paid during the time Kayla owned the shares. What is the amount of Kayla's gain or loss on this investment?


A) A$129.60 gain.
B) A$250 loss.
C) A$1676 loss.
D) A$1676 gain.

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