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, Restaurant Brands International (QSR), the parent company of Burger King and Tim Hortons, trades on both the Toronto Stock Exchange and NYSE. If its price in Toronto is 80 Canadian dollars per share and anyone can exchange Canadian dollars for U.S. dollars at the rate of US$0.75 per C$1.00, what must QSR’s price be on NYSE?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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