A Hong Kong based investment company requires USD 4 million in 40 days to close a deal in the US state of California. It approaches its FX dealer for a forward quote. Assume one year is 360 days. If the dealer quotes the spot rate as USD/HKD 7.7845 and the interest rate for HKD deposits is 2.65% and that for USD deposits is 3.55%: 1) What are the forward points? (Give answer in forward points to 2 decimal places, where 1 forward point = 0.0001) 2) How should the forward points be treated with respect to the spot rate? the spot rate. The forward points should be (No answer given) subtracted from added to divided into 3) What is the forward quo multiplied by (Give answer to 4 decimal places) the company? 4) To receive the USD 4 million in 40 days, how much HKD does the company need to pay its dealer? HKD millions (Give answer in HKD millions to 4 decimal places, e.g. HKD 1 million = 1.0000)