Question: Hi can anyone explain this question and the solution step by step 1) You see the following quotations. How much would a U.S. investor gain

Hi can anyone explain this question and the solution step by

Hi can anyone explain this question and the solution step by step

step 1) You see the following quotations. How much would a U.S.

1) You see the following quotations. How much would a U.S. investor gain or lose if s/he bought the Top ILS.) Image stock in the United States and sold it in Israel? (The symbol for the Israeli currency, the shekel, is Bid Ask Top Image - USD $0.98 $1.00 Top Image - ILS ILS 5 ILS 6 USD/ILS $0.25/ILS $0.30/ILS A) A gain of $1.10 per stock. B) A gain of $0.50 per stock. C) A gain of $0.80 per stock. D) A gain of $0.25 per stock

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