Ciments Lafarge trades on the Paris Bourse and on the NYSE as an ADR. If its shares

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Ciments Lafarge trades on the Paris Bourse and on the NYSE as an ADR. If its shares trade for €80.40–81.20 on the Paris Bourse, what would you expect to be the quoted price of its ADR to a potential U.S. investor?

The euro is trading at 1. 3075–1.3180, and one depositary receipt is equal to one-fourth of its share.

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Mar 09, 2024 01:02 AM

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Ciments Lafarge trades on the Paris Bourse and on the NYSE as an ADR. If its shares

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International Corporate Finance Value Creation With Currency Derivatives In Global Capital Markets

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