A bank is quoting the following exchange rates against the dollar for the Swiss franc and the

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A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar:
SFr/$ = 1.5960-70
A$/$ = 1.7225-35
An Australian firm asks the bank for an A$/SFr quote. What cross-rate would the bank quote?

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International Financial Management

ISBN: 978-0078034657

6th Edition

Authors: Cheol S. Eun, Bruce G.Resnick

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Question Posted: Mar 13, 2012 05:24 AM

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A bank is quoting the following exchange rates against the dollar for the Swiss franc and the

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The SFrA quotation is obtained as follows In obtaining this quotation we keep in mind that SF...View the full answer

International Financial Management

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