Short Answer
In April of 2011, 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$. She sold the stock for ¥1,310 per share in June of 2016 when the exchange rate was ¥96.96 per C$. In Canadian dollars, how much did Marielle gain or lose on the investment?
Correct Answer:
Verified
Correct Answer:
Verified
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