Walgreen Company (NYSE: WAG) is currently trading at $48.75 on the NYSE. Walgreen Company is also listed on NASDAQ and assumes 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?
No, no arbitrage opportunity exists.
Yes, buy on NASDAQ and sell on NYSE, make $25.
Yes, buy on NYSE and sell on NASDAQ, make $25.
Yes, buy on NASDAQ and sell on NYSE, make $250.