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Cross Rate Between Francs and Pounds

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Suppose the exchange rate between U.S, dollars and the Swiss franc was SFr1.6=$1, and the exchange rate between U.S dollars and British pound was L1=$1.50. What was the cross rate between francs and pounds?

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Solution Summary

The cross rate between francs and pounds is expressed.

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Solving for the Cross Rate and Call Premium


1. The Swiss franc is selling for $.7681 and the British pound is selling for $1.6581. The cross rate between the franc and the pound is what?

2. Buchanan Corp. is refunding $12 million worth of 10% debt. The corporation's tax rate is 35%. The call premium is 9%. What is the net cost of the call premium?

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