What is arbitrage Explain the arbitrage opportunity when the price of a dually listed
Chapter 1, Problem 1.30(choose chapter or problem)
What is arbitrage? Explain the arbitrage opportunity when the price of a dually listed mining company stock is $50 (USD) on the New York Stock Exchange and $52 (CAD) on the Toronto Stock Exchange. Assume that the exchange rate is such that $1 US dollar equals $1.01 Canadian dollar. Explain what is likely to happen to prices as traders take advantage of this opportunity.
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