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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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