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Given the following quotations on the real-time on-screen display in the three foreign exchange markets. spotted by currency dealers. If you are working with a

Given the following quotations on the real-time on-screen display in the three foreign exchange markets. spotted by currency dealers. If you are working with a capital of $1,000,000, Is there an arbitrage opportunity? Support your answer.

Hong Kong: Ask $/HK =$0.5251/HK

NY: Bid $/SF =$0.5422/SF

Zurich Ask : HK/SF =HK0.6650/SF

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