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Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.87 = $1.00,...

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Accounting

Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.87 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.96 euros. What is the cross-rate of Swiss francs to euros? Show your answer to 2 decimal places.

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