What will be the implied exercise exchange rate

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Assume that Monaco enterprises disposed construction equipment to a French firm and gave the French client a choice of paying either $8,000 or FRF 13,000 in three months. What will be the implied exercise exchange rate in this case if Monaco enterprises were to give the French client a free option to purchase a free option of up to $8,000 using the French franc?

Reference no: EM133000096

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