Question 29 (3 points) Use the following spot prices right now) table for the next question. Note as you read across, it is how much it cost per unit of foreign currency, such as $1.2928 per Euro or 0.7735Euro per dollar. Dollar Euro Pound SFranc Peso Yen CdnDir Canada 1.1826 1.5289 2.3178 0.9471 0.1083 0.0098 Japan 120.41 155.67 235.99 96.436 11.027 101.82 Mexico 10.919 14.117 21.401 8.7454 0.0907 9.2335 Switzerland 1.2486 1.6142 2.4471 0.1143 0.0104 1.0558 U.K. 0.5102 0.6596 0.4086 0.0467 0.0042 0.4315 Euro 0.7735 1.5160 10.6195 0.0708 0.0064 0.6541 U.S. 1.2928 1.9599 0.8009 0.0916 0.0083 0.8456 If next year it cost 1.4euros to buy a U.K., what happened? 1) The Euro depreciated and the U.K. pound appreciated 2) The Euro appreciated and the U.K. pound depreciated 3) The Euro depreciated and the U.K. pound depreciated 4) The Euro appreciated and the U.K. pound appreciated Question 30 (3 points) True or false Mutual funds with higher expense ratios and those with front-end loads generally have higher returns that make up for the higher cost. 1) True 2) False Question 31 (3 points) An S&P 500 passively managed index fund's goal is O 1) to only hold the most undervalued stocks of the S&P 500 2) to match the return of the S&P 500 by holding all the stocks of the S&P 500 to only hold the largest stocks in the S&P 500 4) to hold all the stocks listed on the NYSE 3) O Question 32 (3 points) You place an order to buy Vanguard's S&P 500 index fund which is an open-ended no load mutual fund at 1:30 p.m. What price do you get and when? 1) The NAV at 1:30 p.m. 2) Could be the NAV, but also could be selling at a discount or premium, and you will get the 1:30 p.m. market price. 3) The NAV at 4:00p.m. 04 Could be the NAV, but also could be selling at a discount or premium, and you will get the 4:00p.m. market price