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Consider 10.4 percent Swiss franc/U.S. dollar dual-currency bonds that pay $666.67 at maturity per SF1,000 of par value. It sells at par. In dollars, what

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Consider 10.4 percent Swiss franc/U.S. dollar dual-currency bonds that pay $666.67 at maturity per SF1,000 of par value. It sells at par. In dollars, what is the implicit SF/\$ exchange rate at maturity? Will the investor be better or worse off at maturity if the actual SF/\$ exchange rate is SF1.54/\$1.00? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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