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suppose that baltimore Suppose that Baltimore Machinery sold a driling machine to a Swiss firm and gave the Swiss client a choice of paying either

suppose that baltimore
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Suppose that Baltimore Machinery sold a driling machine to a Swiss firm and gave the Swiss client a choice of paying either $11.800 or SF17,700 in three months Baltimore Machinery effectively gave the Swiss client a free option to buy up to $11.800 using Swiss francs. What is the implied exercise exchange rate? (Round your answer to 4 decimal places.) Implied exercise rate 15000

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