Assume you are an Israeli investor; the symbol for the Israeli currency, the shekel, is ILS. You

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Assume you are an Israeli investor; the symbol for the Israeli currency, the shekel, is ILS. You see that stock for Top Image has a bid price of ILS 17 and an ask price of ILS 19 in Israel, a bid price of USD 4.45 and an ask price of USD 4.50 in the United States; and that the shekel/dollar bid-ask rates are 3.70-3.75. How much would you gain or lose by buying the stock in Israel and selling it in the United States?

Posted Date: May 11, 2024 03:05 AM

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Assume you are an Israeli investor; the symbol for the Israeli currency, the shekel, is ILS. You

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