Question: Part (a) is correct, but I need help with part (b) please! Suppose the Japanese yen exchange rate is $75 - $1, and the British

Part (a) is correct, but I need help with part (b)

Part (a) is correct, but I need help with part (b) please!

Suppose the Japanese yen exchange rate is $75 - $1, and the British pound exchange rate is 1 = $1.59. 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 120 = 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.) WIE a. Cross-rate b. Arbitrage profit 119.25 0.0002 $

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