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D Question 21 10 pts JD stocks are traded in China and the US as an ADR. In closing of Monday, December 14th, 2020, JD

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D Question 21 10 pts JD stocks are traded in China and the US as an ADR. In closing of Monday, December 14th, 2020, JD ADR shares are selling for $85 a share. Each ADR shares represents 10 shares of stock traded in China. Suppose the stock price for each original shares of JD in China is 58.58 RMB If you have access to $10,000,000 USD, show how much you can make an arbitrage profit in these two markets given that the exchange rate was 7.05 RMB per USD on that day? Edit View Insert Format Tools Table 12pt Paragraph ?: O words

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