Walgreen Company (NYSE: WAG)is Currently Trading at $48

question 18

Multiple Choice

Walgreen Company (NYSE: WAG) is currently trading at $48.75 on the NYSE.Walgreen Company is also listed on NASDAQ and assume it is currently trading on NASDAQ at $48.50.Does an arbitrage opportunity exists and if so how would you exploit it and how much would you make on a block trade of 100 shares?

• A)No,no arbitrage opportunity exists.
• B)Yes,buy on NASDAQ and sell on NYSE,make $25.
• C)Yes,buy on NYSE and sell on NASDAQ,make $25.
• D)Yes,buy on NASDAQ and sell on NYSE,make $250.

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Definitions:

Social Contract

A theoretical agreement within society where individuals consent to surrender some freedoms for the protection and benefit of the community as a whole.

Rousseau

Jean-Jacques Rousseau, an influential 18th-century philosopher known for his ideas on education, society, and government, emphasizing natural human goodness and freedom.

Free Individuals

Persons who possess autonomy and the capacity to make choices unconstrained by external coercion or limitations, typically within the bounds of societal laws and norms.

Forces Of Production

in Marxist theory, refers to the means by which labor is applied to the resources of nature—such as tools, machinery, and factories—to produce goods and services.