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Please show your work, thank you Problem 1 A research report produced by a dealer includes the following table: USD/EUR CHF/USD USD/GBP Spot Rate 1.1701

image text in transcribedPlease show your work, thank you

Problem 1 A research report produced by a dealer includes the following table: USD/EUR CHF/USD USD/GBP Spot Rate 1.1701 0.9900 1.3118 Expected Spot Rate in One Year 1.1619 0.9866 1.3066 Answer the following based on the table above: 1. What is the spot CHF/EUR cross-rate? 2. What is the spot GBP/EUR cross-rate? 3. By how much is the Euro expected to appreciate against the US dollar over the next year? Express your answer as a percentage. 4. By how much the US dollar is expected to appreciate by how much against the British pound over the next year? Express your answer as a percentage. 5. Over the next year, decide whether the Swiss franc is expected: a. to appreciate or depreciate against the GBP. What is the percentage? b. to appreciate or depreciate against the EUR. What is the percentage? 6. Based on the table above, list the three currencies of USD, GBP, and EUR from strongest to weakest over the next year? 7. Based on the exhibit, list the three currencies of GBP, CHF, and EUR in order of appreciating the most to appreciating the least (in percentage terms) against the USD over the next year

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