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Suppose the Japanese yen exchange rate is 7 7 = $ 1 , and the British pound exchange rate is 1 = $ 1 .
Suppose the Japanese yen exchange rate is $ and the British pound exchange rate is $
a What is the crossrate in terms of yen per pound? Round your answer to decimal places, eg
b Suppose the crossrate is What is the arbitrage profit per dollar used? Do not round intermediate calculations and round your answer to decimal places, eg
tablea Crossrate b Arbitrage profit,
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