6 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 1 Click on the Historical Prices link and find Infosys ' closing price for July 13, 2015 Assume the exchange rate on that day was $ 63 47 and Infosys shares traded for 950 60 Is there an arbitrage opportunity available If so, how would you take advantage of it 2 What exchange rate is necessary to eliminate the arbitrage opportunity available in part (a)

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6  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  1  Click on the Historical Prices link and find Infosys ' closing price for July 13, 2015  Assume the exchange rate on that day was $  63 47 and Infosys shares traded for 950 60  Is there an arbitrage opportunity available  If so, how would you take advantage of it  2  What exchange rate is necessary to eliminate the arbitrage opportunity available in part (a)

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Question: 6. 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

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