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Cross Rates Suppose the exchange rate between U.S. dollars and the Swiss franc is SFr1.5 = $1, and the exchange rate between the dollar and

Cross Rates

Suppose the exchange rate between U.S. dollars and the Swiss franc is SFr1.5 = $1, and the exchange rate between the dollar and the British pound is 1 = $1.40. What then is the cross rate between francs and pounds? Round your answer to two decimal places.

____ Swiss francs per pound?

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