A bank is quoting the following bid-ask exchange rates against the $ for the Swiss Franc (CHF) and the Australian Dollar (AUD):
CHF/$ = 1.5960 - 70
AUD/$ = 1.7225 - 35
Based on the above quotes, calculate the bank's cross-rate quote for CHF/AUD. The banks CHF/AUD bid price = ____ and the banks CHF/AUD ask price = ____.
a. 1.6593; 1.66025
b. 0.9260; 0.97271
c. 0.9261; 1.0786
d. 0.92656; 0.92660