Business, 16.12.2019 22:31, zakiraboo94

Suppose the japanese yen exchange rate is ¥78 = $1, and the british pound exchange rate is £1 = $1.57.a. what is the cross-rate in terms of yen per pound? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)b. suppose the cross-rate is ¥127 = £1. what is the arbitrage profit per dollar used? (do not round intermediate calculations and round your answer to 4 decimal places, e. g., 32.1616.)

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Suppose the japanese yen exchange rate is ¥78 = $1, and the british pound exchange rate is £1 = $1.5...