1. You are considering exchanging Swiss Francs (SF) for Japanese Yen (Y). At the bank, you see the following rates posted. (Please note that for full credit, you must show the steps to the correct answer clearly and cleanly, not just the final answer.)

   SF/$ = 0.9154 Y/$ = 100.26

   1. What is the Y/SF exchange rate?

   2. What is the SF/Y exchange rate?

   3. If the SF appreciated by 10% what would then new rate be?

   4. If the Yen depreciated by 25% relative to the original exchange rate (i.e. answer to part a, or

      part b), what would the new rate be?