Galstack Inc. is a Canadian stock that is listed on the TSX and the NYSE. The NYSE price of Galstack Inc. (Ticker GAL) is $1.75 USD and the TSX price of Galstack Inc. (Ticker GAL.TO) is $2.30 CAD. Assume no transaction costs. The exchange rate is currently 1.31 CAD/USD. Is there an arbitrage opportunity here?

Answer rating: 100% (QA)

To determine if there is an arbitrage opportunity we can convert the NYSE price to CAD using ... View the full answer