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Determine the dollar value of one swiss franc

Discussion:

Assume one U.S. dollar ($US) can currently purchase 1.316 Swiss francs. However, it has been predicted that one $US soon will be exchangeable for 1.450 Swiss francs.

a. Calculate the percentage change in the $US if the exchange rate change occurs.

b. Determine the dollar value of one Swiss franc at both of the above exchange rates.

c. Calculate the percentage change in the dollar value of one Swiss franc based on the preceding exchange rates.

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