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5 Suppose the Japanese yen exchange rate is *114-$1, and the British pound exchange rate is 1 $1.26. a. What is the cross-rate in terms
5 Suppose the Japanese yen exchange rate is *114-$1, and the British pound exchange rate is 1 $1.26. a. What is the cross-rate in terms of yen per pound? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) nts eBook Cross-rate IE Print eferences b. Suppose the cross-rate is 147-1. 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) Arbitrage profit
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