Suppose the Japanese yen exchange rate is 80.47 = $1, and the British pound exchange rate is 1 = $1.59. a. What is the cross-rate in terms of yen per pound? (Do not include the yen sign (). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. ) b. Suppose the cross-rate is 130 = 1. What is the arbitrage profit per dollar? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Suppose the Japanese yen exchange rate is $80.47 = $1, and the British pound exchange rate is 1 = $1.59. a. What is the cross-rate in terms of yen per pound? (Do not include the yen sign (). Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the cross-rate is \130 = 1. What is the arbitrage profit per dollar? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) a. \ 127.95 Cross-rate Arbitrage profit per dollar b. $ 0.0255 %