Imagine the exchange rate between the British pound ($\le$) and the U.S.dollar ($) is fixed at $1.40/$\le$ and capital flows freely between Great Britain and the U.S.Explain what the price of shares of stock in XYZ Inc.would be selling for in London if they are $80 per share in the U.S.and why?

Question

Quizplus · Accepted Answer

The Answer of Imagine the exchange rate between the British pound ($\le$) and the U.S.dollar ($) is fixed at $1.40/$\le$ and capital flows freely between Great Britain and the U.S.Explain what the price of shares of stock in XYZ Inc.would be selling for in London if they are $80 per share in the U.S.and why?

Imagine the Exchange Rate Between the British Pound ≤\le≤ ) and the U

Imagine the Exchange Rate Between the British Pound $\le$ ) and the U