Infosys Ltd., an Indian IT consulting and outsourcing services giant, has American Depository Receipts listed on the

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Infosys Ltd., an Indian IT consulting and outsourcing services giant, has American Depository Receipts listed on the Nasdaq. Many ADRs listed on U.S. exchanges are for fractional shares. In the case of Infosys, one ADR is equal to one registered share. Find the information for Infosys by logging on to the Google Finance website (google.com/finance) and using the ticker symbol “INFY.”

a. Click on the “Historical Prices” link and find Infosys’ closing price for May 2012. Assume the exchange rate on that day was $/₹53.73 and Infosys shares traded for ₹2,453. Is there an arbitrage opportunity available? If so, how would you take advantage of it?

b. What exchange rate is necessary to eliminate the arbitrage opportunity available in part (a)?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...

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Dudhat Vaidehi

I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials. Having taught in special education in two local schools for many years meant that I had contact with a lot of parents of special needs students. I never had to advertise — word of mouth was how most folks knew of me. At one point I did have a website, but didn't utilize it much. I stayed very busy, especially in the summers, and always had a full schedule. I typically met with each student's teacher in order to get an idea of what the focus of my instruction/remediation should be. Becoming familiar with the student's learning style(s) was also very helpful. Often parents would share records and test results with me. After each tutoring session, I documented the student’s progress and gave parents written updates, as well as phone calls or emails as needed. While my students and I certainly utilized technology and the internet often during our sessions, I never tutored online or for any tutoring company, so am not familiar with the curriculums or methods used in those settings. Tutoring one on one was very enjoyable and rewarding. My students and I had fun, and grew quite fond of one another. The extra income was a bonus. I had to retire from tutoring due to a physically handicapping disease, and miss my students very much.

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Fundamentals of Corporate Finance

ISBN: 978-0071051606

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Authors: Stephen A. Ross, Randolph W. Westerfield

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Question Posted: Feb 03, 2020 10:47 AM

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Infosys Ltd., an Indian IT consulting and outsourcing services giant, has American Depository Receipts listed on the

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Fundamentals of Corporate Finance

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