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Intro You have $12,000 and observe the following exchange rates: Bid Ask $1.15 $1.16 Exchange rate Value of euro in U.S. dollars Value of Swiss

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Intro You have $12,000 and observe the following exchange rates: Bid Ask $1.15 $1.16 Exchange rate Value of euro in U.S. dollars Value of Swiss franc in U.S. dollars Value of euro in Swiss francs $1.01 $1 CHF1.1 CHF1.11 | Attempt 1/10 for 10 pts. Part 1 What is the no-arbitrage value of the euro in Swiss francs (the cross exchange rate)? Use the ask quotes. 2+ decimals Submit

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