Question
Hexo Corp. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Hexo Corp. is $0.51 USD and
Hexo Corp. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Hexo Corp. is $0.51 USD and the TSX price of Hexo Corp. 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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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
