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Problem 17-6 Cross Rates Suppose the exchange rate between U.S. dollars and the Swiss franc is SFr1.1 = $1, and the exchange rate between the

Problem 17-6 Cross Rates

Suppose the exchange rate between U.S. dollars and the Swiss franc is SFr1.1 = $1, and the exchange rate between the dollar and the British pound is 1 = $1.70. 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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