Question
If the price of Great North Maple Syrup is C $4.00 in Canada, and the exchange rate between Canadian and U.S. dollars is C $1.5877
If the price of Great North Maple Syrup is C $4.00 in Canada, and the exchange rate between Canadian and U.S. dollars is C $1.5877 / U.S. $, what price must Great North Maple Syrup be selling for in the U.S. for the law of one price to hold?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
4th Edition
1119835550, 978-1119835554
