Erin McQueen purchased 50 shares of BMW, a German stock traded on the Frankfurt Exchange, for 65.6 (euros) per share exactly one year ago, when the exchange rate was 0.68 /US$. Today the stock is trading at 70.3 per share, and the exchange rate is 0.77 /US$. (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 50 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?

Erin McQueen purchased 50 shares of BMW, a German stock traded on the Frankfurt Exchange, for 65.6 (euros) per share exactly one year ago, when the exchange rate was 0.68/US$. Today the stock is trading at 70.3 per share, and the exchange rate is 0.77/US$. (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 50 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