8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and...

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8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:

SFr/$ = 1.5960–70 A$/$ = 1.7225–35 An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?

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ISE International Financial Management

ISBN: 9781260575316

9th International Edition

Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun

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Question Posted: Jul 25, 2024 09:00 AM

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8. A bank is quoting the following exchange rates against the dollar for the Swiss franc and...

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ISE International Financial Management

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