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Suppose the exchange rate between U.S. dollars and Swiss francs is CHF 0.92 = $1.00, and the exchange rate between the U.S. dollar and

Suppose the exchange rate between U.S. dollars and Swiss francs is CHF 0.92 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.84 euro. What is the cross rate of Swiss francs to euros? (In other words, how many Swiss francs are needed to purchase one euro?)

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