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4. Assuming the quotes of exchange rates against dollar for the Swiss franc and the Australian dollar are as follows: Bank Quotations Bid Ask $

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4. Assuming the quotes of exchange rates against dollar for the Swiss franc and the Australian dollar are as follows: Bank Quotations Bid Ask $ / SFr .7265 .7272 $ / A$ .6135 .6140 Suppose a Swiss company has investment proceeds equal to 1 million Australian dollars, and wants to convert it to Swiss franc. What are his proceeds from conversion

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