Suppose the Japanese yen exchange rate is 85 = $1, and the British pound exchange rate is 1 = $1.53.

4 value: 0.00 points Suppose the Japanese yen exchange rate is *85 $1, and the British pound exchange rate is 1$1.53 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 130.05 b. Suppose the cross-rate is *133 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 0.02218