part 4

Part 3 Attempt 3/10 for 10 pts. How many Swiss francs do you get from converting your dollars? 11881.19 Correct VcHF $12,000 $1.01 / CHF CHF11,881 Part 4 | Attempt 3/10 for 10 pts. How many euros do you get from converting your Swiss francs? 0+ decimals Submit Intro You have $12,000 and observe the following exchange rates: Exchange rate Bid Ask Value of euro in U.S. dollars $1.15 $1.16 Value of Swiss franc in U.S. dollars $1 $1.01 Value of euro in Swiss francs CHF1.1 CHF1.11 Part 1 | Attempt 4/10 for 10 pts. What is the no-arbitrage value of the euro in Swiss francs (the cross exchange rate)? Use the ask quotes. 1.1386 Correct Value of euro in Swiss franc Value of euro in $ Value Swiss franc in $ = $1.16 / $1.01 / CHF = CHF1.149//