What was facebook profit or loss

Reference no: EM133269339

Question - Assume Facebook borrowed €50 million from an Irish bank to build a datacenter in Dublin. When the money was lent, the exchange rate was 1.34 dollars per euro, but has now changed to 1.18 dollars per euro.

Assuming that most of Facebook's shareholders live in the U.S.A., what was Facebook's profit or loss as the result of the change in the exchange rate? Enter profits as positive numbers and losses as negative numbers.

Reference no: EM133269339

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