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Common shares of Graham Bell Canada currently trade at the following bid-ask spreads in Toronto and London. The current exchange rate is 1 = 1.75
Common shares of Graham Bell Canada currently trade at the following bid-ask spreads in Toronto and London. The current exchange rate is 1 = 1.75 CAD. Ignore brokerage commissions. Toronto: Bid $35 CAD Ask $36 CAD London: Bid 21.1 Ask 21.7 What is the best feasible trade that an investor can make in this circumstance? Buy shares in London at the ask and sell shares at the bid in Toronto Buy shares in Toronto at the bid and sell shares at the ask in Toronto Buy shares in Toronto at the ask and sell shares at the bid in London Buy shares in London at the bid and sell shares at the ask in London
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