Suppose the Japanese yen exchange rate is 76 = $1, and the British pound exchange rate is 1 = $1.61.

a.	What is the cross-rate in terms of yen per pound? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Cross-rate

/ __________

b.	Suppose the cross-rate is 127 = 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

$___________