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If the price of Shell stock in NY is 80 and the price Shell stock in London is 85, then how would you construct an

If the price of Shell stock in NY is 80 and the price Shell stock in London is 85, then how would you construct an arbitrage?

Options:

Buy Shell stock in NY and Short Shell Stock in London

Buy Shell stock in NY by borrowing at the risk-free rate

Buy Shell stock in NY and Short Shell Stock in London

There is no arbitage

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