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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 $ and the British pound exchange rate is $$
What is the crossrate in terms of yen per pound?
Note: Do not include the yen sign Do not round intermediate calculations and round your answer to decimal places, eg
b Suppose the crossrate is What is the arbitrage profit per dollar?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
tablea Crossrateb Arbitrage profit per dollar
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