The euro is quoted at 0.008300/ Bid and 0.008200/ Ask in Tokyo. The yen is quoted at

Question:

The euro is quoted at "€0.008300/¥ Bid and €0.008200/¥ Ask" in Tokyo. The yen is quoted at "¥121.20/€ Bid and ¥121.10/€ Ask" in Paris. Convert the Tokyo quote into a ¥/€ quote and then answer these questions.
a. Calculate the bid/ask spread on the euro (in the denominator) as a percentage of the bid price from the Japanese and from the French perspectives.
b. Is there an opportunity for profitable arbitrage? If so, describe the necessary transactions using a €1 million starting amount.