Swedens Oasmia Pharmaceutical AB is trading on the Nadaq in New York for $2.90 and on the
Question:
Sweden’s Oasmia Pharmaceutical AB is trading on the Nadaq in New York for $2.90 and on the Nasdaq OMX in Stockholm for SEK 9. If the exchange rate is currently $1=SEK 9.30 then what is the ADR ratio?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
To calculate the ADR ratio we need to find the ratio of the price of the ADR ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Multinational Financial Management
ISBN: 9781119559900
11th Edition
Authors: Alan C Shapiro, Paul Hanouna
Question Posted:
Students also viewed these Business questions
-
A Novo Nordisk A/S ADR is trading on the New York Stock Exchange for $49.78. The ADR ratio is 1:1 and the current exchange rate is $1=DKK 6.57. What ought to be the Danish kroner price of Novo...
-
Bloomberg provides current values of many of the international stock indexes presented in Exhibit 13.11 at the website www.bloomberg.com . Go to this website and determine what countrys stock markets...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The character wrapper class provides numerous methods for O a. adding two char variables b. testing and converting char variables O c. testing string objects O d. converting string variables
-
What is Pareto optimality? How can this concept be applied to government programs and their implementation? Can marginal analysis be applied to the evaluation of government programs? Support your...
-
The following information is required for sub-questions (a) to (c).The incomplete process account relating to period 4 for a company which manufactures paper is shown below: There was no opening work...
-
Determine the elongation of the square hollow bar when it is subjected to the axial force P = 100 kN. If this force is increased to P = 360 kN and released, find the permanent elongation of the bar....
-
The following is an excerpt from a conversation between the office manager, Mark Cottman, and the president of Horowitz Construction Supplies Co., Rosa Mullin. Horowitz sells building supplies to...
-
On June 1, 2025, Concord Company sold some equipment for $23800. The original cost was $81800, the estimated salvage value was $9200, and the expected useful life was 8 years. The equipment was fully...
-
Suppose that Argentina bonds are yielding more than 13% annually. Does this high yield make them suitable for American investors looking to raise the return on their portfolios? Explain.
-
On August 1, 2012, France implemented a Tobin tax or Financial Transaction Tax (FTT), which consists in a 0.2% tax on stock purchases of French publicly traded companies with a market value over 1...
-
What is the work potential of the air in the filled container of Prob. 8-67E if it is filled in such a way that the final pressure and temperature are both the same as in the supply line? The...
-
Aquaspore Limited sells advanced technology wetsuits for a price of $2600 each. The company has a profit target this year of $122,000 and is considering increasing sales commissions in an effort to...
-
At The Luminary, the markup on a halogen light fixture is 50% based on selling price. What is the corresponding percent markup based on cost? If the markup on a fluorescent light fixture transformer...
-
Define theories that explain optimal decision-making in capitalizing firms (using debt versus equity)
-
Nova Corporation gives Tell Corporation 29,940 of its no par value common shares in exchange for a parcel of land which it intends to build a factory. At the time of the transaction Nova's shares...
-
Glory Enterprises quality control report for August contains the following items: Liability costs associated with defective products Disposal costs of defective products failing inspection Disposal...
-
The post-closing trial balance of Beamer Manufacturing Co. on April 30 is reproduced as follows: During the month of May, the following transactions took place: a. Purchased raw materials at a cost...
-
A glass manufacturer produces hand mirrors. Each mirror is supposed to meet company standards for such things as glass thickness, ability to reflect, size of handle, quality of glass, color of...
-
Over the past year, China has experienced an inflation rate of about 22%, in contrast to U.S. inflation of about 3%. At the same time, the exchange rate has gone from Y8.1/U.S.$1 to Y7.6/U.S.$1. a....
-
Why do exchange rate changes bring feast or famine for Volvo, but neither feast nor famine for Ford? Consider the distribution and concentration of their production facilities worldwide.
-
How does a shorter product cycle time help companies reduce the exchange risk they face?
-
Robinson s , an electrical supply company, sold $ 3 , 6 0 0 of equipment to Jim Coates Wiring, Incorporated Coates signed a promissory note May 1 2 with 3 . 6 % interest. The due date was August 1 0...
-
A 1 5 - month futures contract on an equity index is currently trading at R 3 7 6 3 . 5 2 . The underlying index is currently valued at R 3 6 2 5 and the continuously compounded risk - free rate is 5...
-
Kibert uses the term distributional equity to describe the equal rights of all persons to resources like goods and services, land, water, and environmental quality. Describe a policy or protection to...
Study smarter with the SolutionInn App