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 7.7817 and the interest rate for HKD deposits is 2.5% and that for USD deposits is 3.85%: 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 forward points should be (No answer given) the spot rate. 3) What is the forward quote the dealer would give the company? (Give answer to 4 decimal places) 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)