Question: Help on part2? (will thumbs up :-) ) Suppose the Japanese yen exchange rate is 76=$1, and the British pound exchange rate is 1=$1.61. a.

Help on part2?

(will thumbs up :-) )

Suppose the Japanese yen exchange rate is 76=$1, and the British pound exchange rate is 1=$1.61. a. What is the cross-rate in terms of yen per pound? (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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