2. You are a U.S. investor and wish to buy 10,000 shares of Club Mditerrane (Club...

  

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2. You are a U.S. investor and wish to buy 10,000 shares of Club Mditerrane ("Club Med"). You can buy them on the Paris Bourse or on SEAQ International in London. You ask the brokers to quote you net prices (no commissions paid). There are no taxes on foreign shares listed in London. Here are the quotes: London (in ) Paris (in ) $/ (dollars per pound) /$ (euros per dollar) 56%-57% 78-78% 1.5000 1.5040 0.91100 0.91200 What is your total dollar cost if you buy the Club Med shares at the cheaper place? 2. You are a U.S. investor and wish to buy 10,000 shares of Club Mditerrane ("Club Med"). You can buy them on the Paris Bourse or on SEAQ International in London. You ask the brokers to quote you net prices (no commissions paid). There are no taxes on foreign shares listed in London. Here are the quotes: London (in ) Paris (in ) $/ (dollars per pound) /$ (euros per dollar) 56%-57% 78-78% 1.5000 1.5040 0.91100 0.91200 What is your total dollar cost if you buy the Club Med shares at the cheaper place?