Question
Hexo Corp. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Hexo Corp. (Ticker HEXO) is $0.51
Hexo Corp. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Hexo Corp. (Ticker HEXO) is $0.51 USD and the TSX price of Hexo Corp. (Ticker HEX.TO) is $0.71 CAD. Assume no transaction costs. The exchange rate is currently 1.41 CAD/USD. Is there an arbitrage opportunity here?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
