Suppose the Japanese yen exchange rate is 68.47 = $1, and the British pound exchange rate is 1 = $1.48. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

(a)

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).)

(b)	Suppose the cross-rate is 103 = 1. What is the arbitrage profit per dollar? (Round your answer to 4 decimal places (e.g., 32.1616).)