Some companies cross-list their shares meaning that their, Ask an Expert

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Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For example, BlackBerry Limited, the maker of BlackBerry mobile devices, trades on both the Toronto Stock Exchange and NASDAQ. If its price in Toronto is 48 Canadian dollars per share and anyone can exchange Canadian dollars for U.S. dollars at the rate of US$ 0.96 per C$ 1.00, what must BBRY's price be on NASDAQ?

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Financial Management, Finance

Category:- Financial Management
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