Erin McQueen purchased 70 shares of BMW, a German stock traded on the Frankfurt Exchange, for 85.14 (euros) per share exactly one year ago, when the exchange rate was 1.04 $/ (i.e. 1 was worth $1.04). Today the stock is trading at 88.04 per share, and the exchange rate is 1.15 $7. (Enter all losses as negative numbers.) a. Did the depreciate or appreciate relative to the US$ during the past year? Explain. b. How much in US$ did Erin pay for her 70 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 meaning that currently one euro is worth dollars than it had been a year ago. (Select from the drop-down menus.) b. When she purchased her shares a year ago, Erin paid $. (Round to the nearest cent.) c. Erin can sell her BMW shares for $. (Round to the nearest cent.) d. Ignoring brokerage fees and taxes, if Erin sells her shares today, the profit (or loss) she would realize is $ (Round to the nearest cent. Enter a loss as a negative number.)