LastHW-Q7

Suppose the Japanese yen exchange rate is 76.47 = $1, and the British pound exchange rate is 1 = $1.56. {Enter your answer as directed, but do not round intermediate calculations.) Required: What is the cross-rate in terms of yen per pound? {Do not include the yen sign (). Round your answer to 2 decimal places {e.g., 32.16).) Suppose the cross-rate is 123 = l1. What is the arbitrage profit per dollar? (Round your answer to 4 decimal places (e.g., 32.1616).)