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Ford sells a particular car in Geneva for 50250 Swiss francs the company sells same car in the U.S. for $ 34650. The company has
Ford sells a particular car in Geneva for 50250 Swiss francs the company sells same car in the U.S. for $ 34650. The company has a position that it collects foreign currency and brings it over to its U.S. headquarters' in dollars at the end of each quarter. What exchange rate, expressed as U S dollars per Swiss franc, at the end of this current quarter would make the revenues earned on the car the same whether it was sold in Detroit or Geneva'' Place your answer as a number with four decimal places
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