1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0456 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.1005 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)?
2. The exchange rate is 1.092 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc?
3. The terms of sale are 2/16, net 36. What is the effective annual rate of interest?