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A bank is quoting the following exchange rates against the dollar for the Swiss franc (SFr) and the Australian dollar (A$): SFr/$ = 1.5960 (bid)
A bank is quoting the following exchange rates against the dollar for the Swiss franc (SFr) and the Australian dollar (A$): SFr/$ = 1.5960 (bid) 1.5970 (ask) A$/$ = 1.7225 (bid) 1.7235 (ask) An Australian firm asks the bank for an A$/SFr quote. What bid and ask cross-rate would the bank quote
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
