TeachMeFinance.com - explain Equivalent
Equivalent -- This word when applied to the price of a
stock means a price that is equal to the price for the sanme
stock when it is quoted on a different basis.
The price in London of an American stock is equivalent to
the price in New York when the stock is selling in London at
a price which, after allowing for the difference in the method
of quoting, is equal to the price at which the stock is selling in
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