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A share of the ADR of a Japanese firm represents 10 shares of that firm's stock that is traded on the Tokyo stock exchange. The

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A share of the ADR of a Japanese firm represents 10 shares of that firm's stock that is traded on the Tokyo stock exchange. The share price of the firm was 1800 Japanese yens when the Tokyo stock exchange closed. As the U.S. market opens, the Japanese yen is worth $0.0090. What is the equilibrium price of one share of ADR? $162.00. $16.20. $180.00. $18.20 $35.78

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