16. Eva Lange wants the diversification benefits of international investments but does not want to own foreign

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16. Eva Lange wants the diversification benefits of international investments but does not want to own foreign securities directly. Would investing in ADRs be an effective substitute for Eva? Explain.

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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