international finance

Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062
From the 1st and 2nd quotations, what is the cross rate for HKD/JPY

Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062

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If you have HKD1,000,000 and you try triangular arbitrage, what is the profit of 1 round arbitrage in HKD?

Assume that there is no transaction cost and you observe the following quotation:
1. USD/HKD: 0.1250
2. JPY/USD: 116.20
3. HKD/JPY: 0.062

Due to the triangular Arbitrage trade, what of the following will happen in the foreign exchange market?

A. USD/HKD will decrease from the current level of 0.1250

B. JPY/USD will decrease from the current level of 116.20

C. HKD/JPY will increase from the current level of 0.062

D. All of the above will happen

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