Question: Problem 2 Telmex dual listing and the Mexican peso devaluation Shares of Telefonos Mexicanos (Telmex), listed on the New York Stock Exchange (NYSE), fell from

Problem 2 Telmex dual listing and the Mexican peso devaluation Shares of Telefonos Mexicanos (Telmex), listed on the New York Stock Exchange (NYSE), fell from $60 to $48 when the Mexican peso (MXN) was devalued from MXN 3.44 to 6.05 = US$1 on December 19, 1994. a. Compute the percentage depreciation of the Mexican peso. As a trader for Barings Securities specializing in Mexican stocks, do you see profit opportunities? What are the risks involved

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