Suppose the Japanese yen exchange rate is 82 = $1, and the British pound exchange rate is 1 = $1.47.(Enter your answer as directed, but do not round intermediate calculations.)

Required:

(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

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(b)	Suppose the cross-rate is 124 = 1. What is the arbitrage profit per dollar? (Round your answer to 4 decimal places (e.g., 32.1616).)

Arbitrage profit per dollar

$