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Suppose the Japanese yen exchange rate is 7 9 = $ 1 , and the British pound exchange rate is 1 = $ 1 .

Suppose the Japanese yen exchange rate is 79= $1, and the British pound exchange rate is 1= $1.58.
a.
What is the cross-rate in terms of yen per pound? (Round your answer to 2 decimal places, e.g.,32.16.)
b. Suppose the cross-rate is 128=1. What is the arbitrage profit per dollar used? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g.,32.1616.)

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