Erin McQueen purchased 40 shares of BMW, a German stock traded on the Frankfurt Exchange, for 64.5 (euros) per share exactly one year ago, when the exchange rate was 0.68 /US$. Today the stock is trading at 71.1 per share, and the exchange rate is 0.75 /US$. (Enter all losses as negative numbers.)

a. Did the depreciate or appreciate relative to the US$ during the past year? Explain.

b. How much in US$ did Erin pay for her 40 shares of BMW when she purchased them a year ago?

c. For how much in US$ can Erin sell her BMW shares today?

d. Ignoring brokerage fees and taxes, how much profit (or loss) in US$ will Erin realize on her BMW stock if she sells it today?

a. The euro relative to the US$ as each US$ is worth more fewer euros.(Select from the drop-down menus.)

b. When she purchased her shares a year ago, Erin paid

c. Erin can sell her BMW shares for

d. Ignoring brokerage fees and taxes, if Erin sells her shares today, the profit (or loss) she would realize is