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    Fundamentals of Financial Management
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    Exam 19: Multinational Financial Management
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    Suppose That Currently,1 British Pound Equals 1
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Suppose That Currently,1 British Pound Equals 1

Question 48

Question 48

Multiple Choice

Suppose that currently,1 British pound equals 1.98 U.S.dollars and 1 U.S.dollar equals 1.02 Swiss francs.How many Swiss francs are needed to purchase 1 pound?


A) 1.9691
B) 2.0196
C) 2.0701
D) 2.1218
E) 2.1749

Correct Answer:

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