Question
Galstack Inc. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Galstack Inc. (Ticker GAL) is $1.75
Galstack Inc. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Galstack Inc. (Ticker GAL) is $1.75 USD and the TSX price of Galstack Inc. (Ticker GAL.TO) is $2.30 CAD. Assume no transaction costs. The exchange rate is currently 1.31 CAD/USD. Is there an arbitrage opportunity here?
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Managerial Accounting
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