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Business, 06.11.2020 16:50 clapoint2003p3chnu

Suppose the Japanese yen exchange rate is ¥84 = $1, and the British pound exchange rate is £1 = $1.52. a. What is the cross-rate in terms of yen per pound? (Round your answer to 2 decimal places, e. g., 32.16.) b. Suppose the cross-rate is ¥132 = £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.)

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Suppose the Japanese yen exchange rate is ¥84 = $1, and the British pound exchange rate is £1 = $1.5...
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