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19 assume the spot rate of the Swiss franc is $0.8220/SF. The expected spot rate one year from now Is assumed to be 50.7806/SF. This

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19 assume the spot rate of the Swiss franc is $0.8220/SF. The expected spot rate one year from now Is assumed to be 50.7806/SF. This percentage change refie Answers: 5.30% appreciation of the dollar 5,04% appreciation of the dollar 5.30% depreciation of the dollar 5.04% depreciation of the dollar

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