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If the ADR were trading at $200 when the underlying share trading on the Toronto stock exchange at 80 Canadian dollars and the Canadian
If the ADR were trading at $200 when the underlying share trading on the Toronto stock exchange at 80 Canadian dollars and the Canadian dollar is worth $0.79, what can you do to earn a trading profit, ignoring transaction costs?
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To earn a trading profit in this scenario you can take advantage of a potential arbitrage opportunit...
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
