Question
A share of the ADR of a Dutch firm represents five shares of that firm's stock that is traded on the Dutch stock exchange. The
A share of the ADR of a Dutch firm represents five shares of that firm's stock that is traded on the Dutch stock exchange. The share price of the firm was 16.8 EUR when the Dutch market closed. As the U.S. market opens, the exchange rate on the euro is 1.15 USD/EUR. Assuming no significant news has happened in the interim, the price of the ADR should be about ____ USD.
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Business And The Euro Business Groups And The Politics Of EMU In Britain And Germany And The United Kingdom
Authors: Mark K. Duckenfield
1st Edition
1403998639,0230627242
