Suppose that Baltimore Machinery sold a drilling machine to a

Swiss firm and gave the Swiss client a choice of paying either

$$13,000$ or SF$19,500$ in three months.$$Baltimore Machinery effectively gave the Swiss client a free

option to buy up to $$13,000$ using Swiss francs. What is the

$$implied$$ exercise exchange rate?$($Round your answer

to $4$ decimal places.$)$Implied Exercise rate $=$Please help$$