What is your gain or loss in? dollars

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Reference no: EM131945618

Suppose that you? buy, and one year later? sell, a foreign? (British) bond under the following? circumstances:

When you buy the bond the exchange rate is?$2.00?=£1.You pay£45?($90.00) for the British bond.

You sell the bond for£50.No interest payment was expected or received.

When you sell the? bond, the exchange rate is$1.70?=£1.

What is your gain or loss in? dollars?? (Round your response to the nearest penny and include a minus sign for a? loss.)

Reference no: EM131945618

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