assume the direct quote on the euro is 2.14 and the indirect quote on the Swiss franc is 0.76. what is the cross-rate for euro's in terms of Swiss francs?
assume the direct quote on the euro is 2.14 and the indirect quote on the Swiss franc is 0.76. what is the cross-rate for euro's in terms of Swiss francs?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter27: Multinational Financial Management
Section: Chapter Questions
Problem 6P
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assume the direct quote on the euro is 2.14 and the indirect quote on the Swiss franc is 0.76. what is the cross-rate for euro's in terms of Swiss francs?
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