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Suppose the Japanese yen exchange rate is 1 1 6 = $ 1 , and the British pound exchange rate is 1 = $ 1

Suppose the Japanese yen exchange rate is $116 =$ $ $1,$ and the British pound exchange rate is $1 =$ $ $1.27 .$ A $-$ What is the cross $-$ rate in terms of yen per pound? B $-$ Suppose the cross $-$ rate is $156 =$ l $.$ Is there a triangle arbitrage opportunity? If yes, what is your arbitrage profit per U $.$ S $.$ dollar used? Show All Work

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