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A German companys stock is traded in the US over-the-counter (OTC) stock market in the form of American Depository Receipt (ADR). Most of this companys
A German companys stock is traded in the US over-the-counter (OTC) stock market in the form of American Depository Receipt (ADR). Most of this companys sales revenues come from the European market. Ceteris paribus, if euro depreciates (or loses value) relative to US dollar, then the dollar price of this companys ADR would _____.
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