bobathebison
Long

arbitrage opp in $rio

NYSE:RIO   RIO TINTO ADR EACH REP 1 ORD
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the rio tinto stock in austrailia is trading at AUD65.95 then convert it in USD we would get $50 but the rio tinto stock trading in the NYSE is trading at 45.41 instead of 50, go long $RIO and sell at 50
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