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Consider a stock that is in both New York and London.Suppose that the stock price is USD 235.0 in New York and GBP 200.0 in

Consider a stock that is in both New York and London.Suppose that the stock price is USD 235.0 in New York and GBP 200.0 in London at a time when the exchange rate is USD 1.28 per pound. An arbitrageur could simultaneously buy 327 shares of the stock in New York and sell them in London to obtain a risk-free profit of (in USD)

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