Use the following two tables to answer question 15. ...
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Finance
Use the following two tables to answer question 15.
Stock Exchanges
HKSE
SIX
NYSE
LSE
PharmPic
721.53HK$
98.45CHF
$ 108.23
57.51 GBP
U.S. $ Exchange Rates
$ 1.00
$ 0.15
/ 1 HK$
$ 1.75
/ 1 GBP
$ 1.12
/ 1 CHF
15) Assume that the NYSE price is correct. Does an arbitrage opportunity exist? If so, how would you earn the most profit from such an opportunity? What is your arbitrage profit in U.S. dollars?
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