What is the cross-rate in terms of yen per pound suppose, Financial Management

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What is the cross-rate in terms of yen per pound suppose

Suppose the Japanese yen exchange rate is ¥79.47 = $1, and the British pound exchange rate is £1 = $1.58.

a. What is the cross-rate in terms of yen per pound? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Do not include the yen sign (¥).)

Cross-rate ¥

b. Suppose the cross-rate is ¥127 = £1. What is the arbitrage profit per dollar? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Arbitrage profit per dollar $

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