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An investor notices that an ounce of gold is priced at $1,018 in London and $1,025 in New York. What action could the investor take

An investor notices that an ounce of gold is priced at $1,018 in London and $1,025 in New York. What action could the investor take to try to profit from the price discrepancy? Which of the six trading activities would this be? What might be some impediments to the success of the transaction? (LG 16-2)

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