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4) ADRs I. are shares of U.S. companies traded on foreign exchanges. Il. are shares of foreign companies traded on U.S. exchanges. IlI. pay dividends

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4) ADRs I. are shares of U.S. companies traded on foreign exchanges. Il. are shares of foreign companies traded on U.S. exchanges. IlI. pay dividends in U.S. dollars if they pay dividends. IV. are subject to exchange rate risk. A) I and Il only B) Il and Ill only C) II. IlI and IV only D) 1, II, IIl and IV

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