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Suppose Canyon Buff Enterprise (ticker: CBF) is currently trading at $20.50 on the NYSE. It is also listed on NASDAQ and assume it is currently

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Suppose Canyon Buff Enterprise (ticker: CBF) is currently trading at $20.50 on the NYSE. It is also listed on NASDAQ and assume it is currently trading on NASDAQ at $20.60. Does an arbitrage opportunity exists and if so how would you exploit it? Suppose you are in a competitive market and there are NO transaction costs (i.e., there is no trade commission, also called stock trading fee) A. No arbitrage opportunity B. Yes, buy shares on NASDAQ, sell shares on NYSE. C. Yes, buy shares on NYSE, sell shares on NASDAQ. D. Cannot determine, because not enough information is given

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