Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For

Question:

Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For example, Research In Motion, the maker of BlackBerry mobile devices, trades on both the Toronto Stock Exchange and NASDAQ. If its price in Toronto is 50 Canadian dollars per share and anyone can exchange Canadian dollars for U.S. dollars at the rate of US$0.95 per C$1.00, what must RIM’s price be on NASDAQ?