Suppose the Japanese yen exchange rate is 7 4 4 7 $ 1 , and the British pound exchange rate is 1 $ 1 5 4 A What is the cross rate in terms of yen per pound B Suppose the cross rate is 1 1 7 1 What is the arbitrage profit per dollar

Question

Suppose the Japanese yen exchange rate is 7 4   4 7   $ 1 , and the British pound exchange rate is 1   $ 1   5 4   A   What is the cross   rate in terms of yen per pound  B   Suppose the cross   rate is 1 1 7   1   What is the arbitrage profit per dollar

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Question

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

Suppose the Japanese yen exchange rate is $74.47 =$ $ $1,$ and the British pound exchange rate is $1 =$ $ $1.54 .$

A $.$ What is the cross $-$ rate in terms of yen per pound?

B $.$ Suppose the cross $-$ rate is $117 = 1 .$ What is the arbitrage profit per dollar?

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