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Consider 9.4 percent Swiss franc per U.S. dollar dual-currency bonds that pay $666.67 at maturity per SFr1,000 of par value. It sells at par. What

Consider 9.4 percent Swiss franc per U.S. dollar dual-currency bonds that pay $666.67 at maturity per SFr1,000 of par value. It sells at par. What is the implicit SFr per $ exchange rate at maturity? Will the investor be better or worse off at maturity if the actual SFr per $ exchange rate is SFr1.44 per $1.00?

Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

I HAVE TRIED 1.50 AND 0.6667. These are incorrect.

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