Suppose the japanese yen exchange rate is yen80 1 and the, Ask an Expert

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Suppose the Japanese yen exchange rate is ¥80 = $1, and the British pound exchange rate is £1 = $1.64. 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 ¥136 = £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 $

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Financial Management, Finance

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