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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 4646 canadian dollars per share and anyone can exchange canadian dollars for u.s. dollars at the rate of us$ 0.85us$0.85 per c$ 1.00c$1.00​, what must​ bbry's price be on​ nasdaq?

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pmayl

If we assume that a share on the Canadian Stock Exchange has the same real value as a share on the NASDAQ, we can convert the value of a Canadian share to a US share by simply converting the value of the currencies. We are given that $0.85 USD is equal to one Canadian dollar. Therefore, BBRY’s price on the NASDAQ is 0.85 * 4646 = $3,949.1. 

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