A bank is quoting the following exchange rates against the, Financial Management

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A bank is quoting the following exchange rates against the

A bank is quoting the following exchange rates against the dollar for the Swiss franc and the Australian dollar: SFr/$ = 1.5960—70 (Note: this translates to Bid 1.5960 and Ask 1.5970, apply the same logic to quote below) 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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