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Erin McQueen purchased 60 shares of BMW, a German stock traded on the Frankfurt Exchange, for 64.4 (euros) per share exactly one year ago, when the exchange rate was 0.67 E/USS. Today the stock is trading at 71.3 per share, and the exchange rate is 0.77 E/USS. (Enter all losses as negative numbers.) a. Did the depreciate or appreciate relative to the USS during the past year? Explain b. How much in US$ did Erin pay for her 60 shares of BMW when she purchased them a year ago? c. For how much in USS can Erin sell her BMW shares today? d. Ignoring brokerage fees and taxes, how much profit (or loss) in USS will Erin realize on her BMW stock if she sells it today? a. The euro b. When she purchased her shares a year ago, Erin paid S (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 s relative to the USS as each USS is worth ros. (Select from the drop-down menus.) (Round to the nearest cent. Enter a loss as a negative number)

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy B า 프 . Ej-., Δ. : r_一 逻锂函Merge & Center. $, % , 弼,8 Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard Alignment Number Cells Edting EF55 DZ EA EB EC ED ЕЕ EF EG EH EI El EK EL EM 42 43 EXCHANGE RATE YEAR AGO 0.67 EURO PER DOLLAR 45 46 47 48 49 50 51 52 53 54 EXCHANGE RATE YEAR TODAY 0.77 EURO PER DOLLAR EURO DEPRECIATED RELATIVE TO US$ AS EACH USS IS WORTH MORE EUROS ERIN PAID (60 x 64.4 )/0.67 5767.16 ERIN CAN SELL SHARES (60 X 71.3)/(0.77)- 5555.84 PROFIT OR LOSS -211.32 [5555.84-5767.14] 56 57 58 4 H KE CAPM UTILITY, SH beta bond c M / future INDEX | INTL CAP BUD SING PV, FV, ANNUITYDIR cleanYIELD bond stru WACC RESI ex di rences: IN7 福 130% 26-01-2019

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