Question 17 1 pts Use the following information to answer questions 17-19. On the London Stock Exchange, Barclays Technologies closed at Pounds 28 per share on June 3, 2004. Barclays Tech also trades as an ADR on the New York Stock Exchange (NYSE) in the U.S. Three underlying Barclays Tech domestic shares equal two ADRs. On June 3, 2004, the exchange rate was US $ 1.5/Pound. 17. What is the no-arbitrage U.S. dollar price of one Barclays Tech ADR? S 64 $ 63 $ 56 $ 58 Question 18 1 pts Use the following information to answer questions 17-19. On the London Stock Exchange, Barclays Technologies closed at Pounds 28 per share on June 3, 2004. Barclays Tech also trades as an ADR on the New York Stock Exchange (NYSE) in the U.S. Three underlying Barclays Tech domestic shares equal two ADRs. On June 3, 2004, the exchange rate was US $ 1.5/Pound. 18. If the Barclays Tech ADR is instead trading at S60/ADR and you have $6000 of trading capital, how much arbitrage profits can you earn (ignore transactions costs)? $ 200 $ 150 $ 350 $300 5250 1 pts Question 19 Use the following information to answer questions 17-19. On the London Stock Exchange, Barclays Technologies closed at Pounds 28 per share on June 3, 2004. Barclays Tech also trades as an ADR on the New York Stock Exchange (NYSE) in the U.S. Three underlying Barclays Tech domestic shares equal two ADRs. On June 3, 2004, the exchange rate was US $ 1.5/Pound. 19. If the Barclays Tech ADR is instead trading at S67/ADR and you have $12,600 of trading capital, how much arbitrage profits can you earn (ignore transactions costs)? 5 500 $ 800 $ 950 $ 750 O $450