If a certain stock sells for 626.659 dollars on the NYSE, how much will it sell for, in dollars, on the LSE(London stock exchange). Remember that the distance between NYSE and LSE is about 3,460 miles.
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If a certain stock sells for 626.659 dollars on the NYSE, how much will it sell for, in dollars, on the LSE(London stock exchange). Remember that the distance between NYSE and LSE is about 3,460 miles.
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- What is arbitrage? Explain the arbitrage opportunity when the price of a dually listedmining company stock is $50 (USD) on the New York Stock Exchange and $60 (CAD) on the Toronto Stock Exchange. Assume that the exchange rate is such that 1 USD equals 1.21 CAD. Explain what is likely to happen to prices as traders take advantage of this opportunity.If the November BOM stock is $225,000 at retail and carries a 48% mark up what is the cost of the November BOM stock?A Swiss stock has a monthly risk of 0.01 and the CHF/$ exchange rate has a monthly risk of 0.1. The correlation of these two risks is 0.22. What is the annual risk of a US investment into this stock to three decimal places in decimal terms (eg. 5.1% = .051)
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- In the London market, Rolls-Royce stock closed at £0.875 per share. On the same day, the British Pound sterling to the U.S. dollar spot exchange rate was £0.6366/$1.00. Rolls Royce trades as an ADR in the OTC market in the United States. Five underlying Rolls-Royce shares are packaged into one ADR. If the Rolls Royce ADRs were trading at $5.75 when the underlying shares were trading in London at £0.875, ignoring transaction costs, the arbitrage trading profit would be $0.00. $1.12. $2.12. $3.12.A stock price is worth CHF 229 on 01.01.2022 and CHF 152 on 01.01.2023. The exchange rate between CHF and $ is 1.0575 CHF/$ and the exchange rate between CHF and british pounds (GPB) is 0.972 CHF/GPB. a) If the price growth rate was the same in 2021 as in 2022, what was the price, in CHF, on 01.01.2021? (Round your answer to 2 digits after the decimal point if needed)JP Morgan currently trades at 136.81 and pays a dividend of $3.60. The firm’s EPS are $10.16. The record date is Friday, January 31, 2020. What is the dividend yield? What is the payout ratio? What is the latest date you can purchase JP Morgan stock and receive the next dividend?
- In each of the following cases, calculate the price of one share of the foreign stock measured in United States dollars (US$). a. A Belgian stock priced at 103.1 euros when the exchange rate is 1.0787 US$/ (i.e., each euro is worth $1.0787). b. A Swiss stock priced at 92.5 Swiss francs (Sf) when the exchange rate is 1.0385 US$/Sf. c. A Japanese stock priced at 1,386 yen (¥) when the exchange rate is113.9988 ¥/US$. Question content area bottom Part 1 a. The Belgian stock priced in U.S. dollars is $111.14 (Round to the nearest cent b. The Swiss stock priced in U.S. dollars is $................ (Round to the nearest cent.) c. The Japanese stock priced in U.S. dollars is $.......... (Round to the nearest cent.)Your discount brokerage firm charges $8.20 per stock trade.How much money do you need to buy 220 shares of Pfizer, Inc. (PFE), which trades at $29.42? (Round your answer to 2 decimal places.)At your discount brokerage firm, it costs $7.95 per stock trade. How much money do you receive after selling 250 shares of General Electric (GE), which trades at $55.19?