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In the NYSE, Ford stock closed at USD100 per share. On the same day, the exchange rate was USD1.25/GBP. Ford stock trades as an ADR

In the NYSE, Ford stock closed at USD100 per share. On the same day, the exchange rate was USD1.25/GBP. Ford stock trades as an ADR in the OTC market in the United Kingdom. Three Ford shares are packaged into one ADR. What is the approximate no-arbitrage GBP price of one ADR?

Question 21 options:

375.00.

125.00.

26.67.

240.00.

80.00.

300.00.

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