Question 6 The bid and ask prices for yen to dollar exchange rate (USD/JPY) are 110.25 and 112.05. What is the cost in US dollars of buying 10,000 yen? Round your answer to the nearest integer and report it without the $ sign. Question 7 Next Save Answer 10 points Over a year the British pound went from $1.35 per pound to $1.29. Compute the percentage depreciation of the pound relative to the dollar. Report without the % sign. Question 8 Next Qur Save Answer 10 points The bid and ask prices for euro are 1.21 and 1.25. The bid and ask prices for the pound are 1.32 and 1.36. In terms of percentage spread which currency's spread is narrower? O The euro The pound Question 9 10 points Save Answer If the quote for GBPUSD is 1.32 and for EURUSD is 1.20 (ignore the bid ask difference) what will be the cross rate GBPEUR to eliminate arbitrage profits? Question 10 10 points Save Answer Consider the following quotes: GBPUSD - 1.32 EURUSD = 1.20 GBPEUR = 1.15 Compute the triangular arbitrage profits that can be earned if one started with $100? Report the answer without the $ sign