Question
Alibabas stock is traded both in both New York and Hong Kong. The prices are: NYSE: USD16.00 per share and HKSE: HKD 120.00 per share.
Alibabas stock is traded both in both New York and Hong Kong. The prices are: NYSE: USD16.00 per share and HKSE: HKD 120.00 per share. Spot rate is USD1= HKD 7.80. Compute the arbitrage profit based on one share of the stock.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
