### What is the cross rate between francs and pounds

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##### Reference no: EM13195025

The exchange rate between the US dollar and the Swiss Franc is SF1.3=\$1, and the exchange rate betweent he dollar and the British pound is BP1=\$1.40. What is the cross rate between francs and pounds. Round answer to two decimal plances. Please include spreadsheet in solution, it is most helpful in understanding and applying the concepts.

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