BIG MINES the Anglo-Australian mining company has an ADR listed on the NYSE trading at $52.20 representing 1 ordinary share trading on the London Stock Exchange. If the current exchange rate is £1=$1.29 what is the no arbitrage value in British pounds of the ordinary share listed on the London Stock Exchange?

£52.20

£40.47

£29.59

£67.34

Answer rating: 100% (QA)

Exchange rate of 1 1 129 No arbit... View the full answer