Suppose the japanese yen exchange rate is yen82 1 and the, Ask an Expert

Finance

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 ¥ /£

(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 $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744304

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