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International Flavors and Fragrances (IFF) is an S&P 500 firm. Currently IFFs stock trades for $122.50 on the New York Stock Exchange (NYSE). You notice

  1. International Flavors and Fragrances (IFF) is an S&P 500 firm. Currently IFFs stock trades for $122.50 on the New York Stock Exchange (NYSE). You notice that on the NASDAQ IFF trades for $112.50. Which finance principle does this circumstance violate? As an investor, what action(s) will you take? If you take action, what will be the result for you? What will be the result for IFFs stock?

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