OK. I just re-installed, selecting command line option. Now, svn.exe is available.
Another minor issue, on the web page, it states the following:
For detailed info on what's new, read the changelog and the release notes.
The current version 1.7.6 is linked against the Subversion library 1.7.4.
What is that mean? I saw from the Cygwin command line shown below. I was expecting to see 1.7.6
$ svn --version
svn, version 1.7.4 (r1295709)
compiled Mar 8 2012, 18:47:27
Copyright (C) 2012 The Apache Software Foundation.
This software consists of contributions made by many people; see the NOTICE
file for more information.
Subversion is open source software, see http://subversion.apache.org/