Question
A share of the ADR of a Dutch firm represents one share of that firms stock that is traded on a Dutch stock exchange. The
A share of the ADR of a Dutch firm represents one share of that firms stock that is traded on a Dutch stock exchange. The share price of the firm was 24 euros when the Dutch market closed. As the U.S. market opens, the euro is worth $1.25. Thus, the price of the ADR should be:
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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
