5. Supposed the Hong Kong dollar is quoted as USD/HKD = 7.8482-92; and the India rupee is quoted as USD/INR = 71.2270 - 76 (4 decimal points). Please show your detailed work which matters the most. (20 points) Formula: Bid A/B=1/Ask B/A and Ask A/B = 1/ Bid B/A Bid A/B = Bid A/C * Bid C/B and Ask A/B = Ask A/C# Ask C/B Bid-ask spread A/B = (Ask A/B - Bid A/B) / Ask A/B for 1 unit of the base currency A a. What are the direct quotes in US for American companies for both currencies? (5 points) b. A U.S. company now has to pay the India outsourcing company R 75 million. How much in U.S.$ do they have to give the bank to have the exact amount? (5 points) c. A U.S. bank receives bank? (5 points) payment from the Hong Kong borrower of HKD 5 million. How much in U.S.S will they get if they would sell all foreign currencies to the d. A Hong Kongese fashion company and an India textile company are having international trade, where the Hong Kongese company imports R 10 million worth of finished products. How much does it cost them in Hong Kong dollar now to buy that amount of Indian rupee to make the payment? (5 points)