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Suppose the Japanese yen exchange rate is 80 = $1, and the British pound exchange rate is 1 = $1.59. a. What is the cross-rate

Suppose the Japanese yen exchange rate is 80 = $1, and the British pound exchange rate is 1 = $1.59.

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 130 = 1. What is the arbitrage profit per dollar used?

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