Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For
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Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For example, BlackBerry (BB) trades on both the TSX and NASDAQ. If its price in Toronto is 10 Canadian dollars per share and anyone can exchange Canadian dollars (CAD) for U.S. dollars (USD) at the rate of 0.95 USD/CAD, what must BB’s price be on NASDAQ?
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0321818171
2nd Canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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