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Suppose that Baltimote Machinery sold a drilling machine to a Swiss firm and gave the Swiss client a'choice of paying either 510 . 400 or

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Suppose that Baltimote Machinery sold a drilling machine to a Swiss firm and gave the Swiss client a'choice of paying either 510 . 400 or SF15.600 in three months. Baitimore Machinery effectively gave the swiss client a free opton to buy up to 510.400 using Swiss franes What is the "implied" exercise exchange rate? (Round your answer to 4 decimal ploces.)

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