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

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?

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Each share would sell for 57.14s in Grea...

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