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Assume that there is no transaction cost and you observe the following quotation GBP1: USD 1.78 JPY1: USD 0.0080 JPY1: GBP 0.0055 From Quote 1

Assume that there is no transaction cost and you observe the following quotation

  1. GBP1: USD 1.78
  2. JPY1: USD 0.0080
  3. JPY1: GBP 0.0055

From Quote 1 and 2, what is the cross rate for GBP/JPY.

Use 4 number after decimal place

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