Suppose the Japanese yen exchange rate is 75 = $1, and the British pound exchange rate is 1 = $1.60.

a.

What is the cross-rate in terms of yen per pound? (Round your answer to 2 decimal places, e.g., 32.16.)

Cross-rate /

b.

Suppose the cross-rate is 125 = 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.)

Arbitrage profit $