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ON THE TOYKO STOCK EXCHANGE, HONDA MOTOR COMPANY STOCK CLOSED AT Y3,945 PER SHARE ON THURSDAY, APRIL 11, 2013. HONDA TRADES AS AN ADR ON
- ON THE TOYKO STOCK EXCHANGE, HONDA MOTOR COMPANY STOCK CLOSED AT Y3,945 PER SHARE ON THURSDAY, APRIL 11, 2013. HONDA TRADES AS AN ADR ON THE NYSE. ONE UNDERLYING HONDA SHARE EQUALS ONE ADR. ONE APRIL 11, 2013, THE Y/$ EXCHANGE RATE WAS Y99.8270/$1.00.
- AT THIS EXCHANGE RATE, WHAT IS THE NO ARBITRAGE U.S. DOLLAR PRICE OF ONE ADR?
and,BY COMPARISON, HONDA ADRs TRADED AT $39.97. DO YOU THINK AN ARBITRAGE OPPORTUNITY EXISTS?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
