A Novo Nordisk A/S ADR is trading on the New York Stock Exchange for $49.78. The ADR
Question:
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 Nordisk on the Copenhagen stock exchange if we assume no arbitrage?
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Chiranjib Thakur
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Related Book For 
Multinational Financial Management
ISBN: 9781119559900
11th Edition
Authors: Alan C Shapiro, Paul Hanouna
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