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Suppose that Baltimore Machinery soid a drilling machine to a Swiss firm and gave the Swiss ciient a choice of paying either $11,000 or SF16,500

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Suppose that Baltimore Machinery soid a drilling machine to a Swiss firm and gave the Swiss ciient a choice of paying either \$11,000 or SF16,500 in three months. Baltimore Machinery effectively gave the Swiss cllent a free option to buy up to $11,000 using Swiss francs. What is the "implied" exercise exchange rate? (Round your answer to 4 decimal places.)

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