Please Help Suppose the Japanese yen exchange rate is 77= CADS1,...
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Suppose the Japanese yen exchange rate is 77= CADS1, and the U.K. pound exchange rate is $1=CAD$161. a. What is the cross rate in terms of yen per pound? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit "\$ / E" sign in your response.) Cross-rate X/ b. Suppose the cross rate is 126=1. What is the arbitrage profit per dollar used? (Do not round intermediate calculations. Round the answer to 4 decimal places. Omit "\$" sign in your response.) Arbitrage profit CADS
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