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Suppose the Japanese yen exchange rate is 7 0 . 4 7 = $ 1 , and the British pound exchange rate is $ 1

Suppose the Japanese yen exchange rate is 70.47=$1, and the British pound exchange rate is $1=$1.50.
0. What is the cross-rate in terms of yen per pound?
Note: Do not include the yen sign (). Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. Suppose the cross-rate is 109=1. What is the arbitrage profit per dollar?
Note: Do not round intermediate calculations and round your answer to 4 decimal places, e.g.,32.1616.
\table[[a. Cross-rate],[b. Arbitrage profit per dollar]]
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