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ADR Math: You have invested $500 based on these numbers: Ghana Foods Local Share Price = C125 per share 10 Local Shares = 1 American

ADR Math:

You have invested $500 based on these numbers:

Ghana Foods Local Share Price = C125 per share

10 Local Shares = 1 American Depository Receipt (ADR)

Current FX is C45=US$1

After 1 year the following has occurred:

Ghana Foods Local Share Price = C135 per share

Current FX C48=US$1

What is the return on your investment?

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