1. When the Swiss franc appreciates (beginner). Over the past five years the Swiss franc (CHF) appreciated...

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1. When the Swiss franc appreciates (beginner). Over the past five years the Swiss franc (CHF) appreciated from CHF 1 = US$0.8215 to peak at CHF 1 =

US$1.0697.

a. Calculate the percentage appreciation of the Swiss franc at its peak (use a U.S.

dollar perspective).

b. What is the percentage depreciation suffered by the U.S. dollar over the same period? Is it simply minus (−) the rate of appreciation of the Swiss franc?

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International Corporate Finance

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Oct 23, 2024 08:02 AM

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1. When the Swiss franc appreciates (beginner). Over the past five years the Swiss franc (CHF) appreciated...

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International Corporate Finance

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