Chapter 14 - Raising Equity andDebtGlobally

Please provide your discussion for the following questions on 14^th edition.

8, 9, 12, &13

8.Depositary Receipts. What is a depositary receipt? What are equity shares listed and issued in foreign equity markets in this form?

9.GDRs, ADRs, and GRSs. What is the difference between a GDR, ADR, and GRS? How are these differences significant?

12.IPOs and FOs. What is the significance of IPOs versus FOs?

13.Foreign Equity Listing and Issuance. Give five reasons why a firm might cross-list and sell its shares on a very liquid stock exchange.