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Suppose the Japanese yen exchange rate is 84.47 = $1, and the British pound exchange rate is 1 = $1.63. (Enter your answer as directed,
Suppose the Japanese yen exchange rate is 84.47 = $1, and the British pound exchange rate is 1 = $1.63. (Enter your answer as directed, but do not round intermediate calculations.) |
Suppose the cross-rate is 140 = 1. What is the arbitrage profit per dollar? (Round your answer to 4 decimal places (e.g., 32.1616).) |
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