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Use the following information to answer questions 3-5. On the London Stock Exchange, Barclays Technologies closed at Pounds 28 per share on June 3, 2004.

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Use the following information to answer questions 3-5. 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. 5. If the Barclays Tech ADR is instead trading at $67/ADR and you have $12,600 of trading capital, how much arbitrage profits can you earn (ignore transactions costs)? $ 450 $ 950 0 $ 500 $750 $ 800

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