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Suppose the Japanese yen exchange rate is 82 = $1, and the British pound exchange rate is 1 = $1.50. a. What is the cross-rate

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Suppose the Japanese yen exchange rate is 82 = $1, and the British pound exchange rate is 1 = $1.50. 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 $130 = 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.) as WIE a. Cross-rate b. Arbitrage profit

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