isabelle bought 2000 shares of a stock denominated in US dollars at $9.28 USD with Canadian funds when the exchange rate
Posted: Tue Jan 18, 2022 1:01 pm
isabelle bought 2000 shares of a stock denominated in US dollars at $9.28 USD with Canadian funds when the exchange rate was CDN $1 = USD $0.69. When she sold all of her holdings in the stock, it was trading at $8.29 USD and the exchange rate was CDN $1 = US $0.65. How much of a taxable loss or gain did isabelle realize in Canadian funds?a. $173.80 taxable gainb. 547.60 taxable gainc. $1,107.69 allowable taxable lossd. $553.85 allowable taxable lossKen has decided to purchase a Save Inc. bond with a face value of $15,000 and eight years remaining until maturity. The coupon rate is 6.15%, while the current market rate is 3.85%. What price should ken pay for tbe save inc. bond?a. $17,356.13b. $17, 337.25c. $17,477.41d. $14,212.45
a. $173.80 taxable gain
b. 547.60 taxable gain
c. $1,107.69 allowable taxable loss
d. $553.85 allowable taxable loss
Ken has decided to purchase a Save Inc. bond with a face value of $15,000 and eight years remaining until maturity. The coupon rate is 6.15%, while the current market rate is 3.85%. What price should ken pay for tbe save inc. bond?
a. $17,356.13
b. $17, 337.25
c. $17,477.41
d. $14,212.45
a. $173.80 taxable gain
b. 547.60 taxable gain
c. $1,107.69 allowable taxable loss
d. $553.85 allowable taxable loss
Ken has decided to purchase a Save Inc. bond with a face value of $15,000 and eight years remaining until maturity. The coupon rate is 6.15%, while the current market rate is 3.85%. What price should ken pay for tbe save inc. bond?
a. $17,356.13
b. $17, 337.25
c. $17,477.41
d. $14,212.45