Please provide step by step solution for these problems

The table below presents bid-ask quotes for Swiss Francs (SE) from several currency dealers around the world. Please answer the next 4 questions based on this information Hong Kong Curreney Dealer in LondonNew York Zurich Bid/Ask Quotes for SF S0.7464-71 50.7469-76 s0.7471-74 s0 7460-70 I. In order to take advantage of locational arbitrage, a currency speculator s dealer and sell SF to thedealer. a. Zurich; Hong Kong b. Hong Kong: Zurich c. New York: Hong Kong dLondon: New York can make in one round trip The maximum profit a currency speculator, with access to $5,000,000, locational arbitrage transaction is $ 2. a. 162 b. 500 c. 669 d. 2500 3. If all traders try to maximize profits, then the ask price of the dealer w ill -. a. London; increase b. Zurich; decrease c. New York; increase d. Hong Kong; increase dealer will 4. If all traders try to maximize profits, then the bid price of the a. London; increase b. Zurich; decrease c. New York; decrease d. Hong Kong: decrease 5. In which case will locational arbitrage most likely be easible? a. One bank's ask price for currency is greater than another bank's bid price for the currency. b. One bank's bid price for a currency is greater than another bank's ask price for the currency. c. One bank's ask price for a currency is less than another bank's ask price for the currency. d. One bank's bid price for a currency is less than another bank's bid price for the currency