Chinese EV maker Nio's stocks are traded in Hong Kong and the US as an ADR. In closing of Friday, April 30th, 2021, Nio's ADR shares are selling for $43 a share. Each ADR shares represents 10 shares of stock traded in Hong Kong. Suppose the stock price for each original shares of Nio in Hong Kong is $33.33 If you have access to $50,000,000 USD, show how much you can make an arbitrage profit in these two markets given that the exchange rate was 7.75 HKD per USD on that day? Edit View Insert Format Tools Table 12pt v Paragraph BI U ALT