Advanced Micro Devices, Inc. (NASDAQ: AMD) is currently trading at $91.75. Assume AMD is also listed on NYSE and assume it is currently trading on NYSE at $91.50. Does an arbitrage opportunity exist and, if so, how would you exploit it and how much would you make on a block trade of 100 shares? Yes, buy on NYSE and sell on NASDAQ, make $250. Yes, buy on NASDAQ and sell on NYSE, make $250. Yes, buy on NYSE and sell on NASDAQ, make $25. Yes, buy on NASDAQ and sell on NYSE, make $25. No, no arbitrage opportunity exists The cost of new machinery is estimated at $450 mil today. This cost is expected to increase by 3% in one year. If the competitive interest rate is set at 1.5%, what is the net value of delaying the purchase of machinery for a year? The net value in terms of dollars today is: $ 6.65 million - $ 6,75 million +56,75 million - 5 135 million +56,65 million