Question
Rio Into the Anglo-Australian mining company has an ADR listed on the NYSE trading at $52.20 representing 1 ordinary share trading on the London Stock
Rio Into the Anglo-Australian mining company has an ADR listed on the NYSE trading at $52.20 representing 1 ordinary share trading on the London Stock Exchange. If the current exchange rate is 1euro= $1.29 what is the no arbitrage value in British pounds of the ordinary share listed on the London Stock Exchange?
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
