8) Kayla invested $3,000 and purchased shares of a German corporation when the exchange rate 8) was $1.00 = .70 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was $1.00 = .68 euro. No dividends were paid during the time Heidi owned the shares of stock. What is the amount of Kayla’s gain or loss on this investment? A) $129.60 gain B) $1676 loss C) $1676 gain D) $250 loss

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8) Kayla invested $3,000 and purchased shares of a German corporation when the exchange rate 8) was $1.00 = .70 euro. After six months, she sold all of the shares for 3,180 euros, when the exchange rate was $1.00 = .68 euro. No dividends were paid during the time Heidi owned the shares of stock. What is the amount of Kayla’s gain or loss on this investment? A) $129.60 gain B) $1676 loss C) $1676 gain D) $250 loss

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