Question: Problem 3 1 - 5 Cross - Rates and Arbitrage Suppose the Japanese yen exchange rate is ( 7 5 = $ 1
Problem CrossRates and Arbitrage Suppose the Japanese yen exchange rate is $ and the British pound exchange rate is $ a What is the crossrate in terms of yen per pound? Do not round intermediate calculations and round your answer to decimal places, eg b Suppose the crossrate is What is the arbitrage profit per dollar used? Do not round intermediate calculations and round your answer to decimal places, eg Answer is complete but not entirely correct.
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