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2. Use the following information to answer the next two questions: Assume that the spot rate changed from $0.64 per Swiss franc on January 1

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2. Use the following information to answer the next two questions: Assume that the spot rate changed from $0.64 per Swiss franc on January 1 in one recent year to $0.68 per Swiss franc on December 31 of that year. a. What is the percentage change in the franc spot rate using direct quotes for a US company? b. What is the percentage change in the franc spot rate using indirect quotes for a US company

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