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1) A stock price is quoted as 100 in London and US $ 152 in New York. The current exchange rate is 1 = US

1) A stock price is quoted as 100 in London and US $ 152 in New York. The current exchange rate is 1 = US $ 1.55

What is the arbitrage opportunity for this case? How much ?

Explain the way in complete and clearly. Thanks

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