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5. Suppose there are two stock exchange market: NYSE and Frankfurt Stock Exchange. The price for stock A in NYSE is 108 USD, and 1

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5. Suppose there are two stock exchange market: NYSE and Frankfurt Stock Exchange. The price for stock A in NYSE is 108 USD, and 1 EUR = 1.08 USD. Suppose there are no transaction cost and by the low of one price, what should be the price of stock A in Frankfurt Stock Exchange market? A: 108 EUR B: 116.64 EUR C: 100 EUR D: 116.64 USD

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