Consider a two-year European put on Canadian Dollar (CAD). The strike price of the put is 6.50 HKD(Hong Kong Dollar)/CAD. The risk-free rate is 2% per annum in Hong Kong and 3% per annum in Canada. The current exchange rate is 5.90 HKD/CAD. The put currently sells for $0.4 in Hong Kong. Is there an arbitrage for Hong Kong investors? If so, show an arbitrage strategy. (To show the arbitrage, present the table listing actions and resulting cash flows)