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

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Assume that there is no transaction cost and you observe the following quotation: 1. HKD: USD 0.1250 2. USD: JPY 116.20 3. JPY: HKD 0.062 If you start with $1,000,000, after 1 round of Triangular Arbitrage, how much USD will you have your capital Plus your profit)? Using 4 numbers after decimal place in every step to avoid rounding error. Report 4 numbers after decimal place in your

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