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On the Tokyo Stock Exchange. Honda Motor Company stock closed at 2,917 per share on Monday. June 6,2016 . Honda trades as an ADR on

On the Tokyo Stock Exchange. Honda Motor Company stock closed at 2,917 per share on Monday. June 6,2016 . Honda trades as an ADR on the NYSE. One underlying Honda share equals one ADR. On June 6. 2016, the 1$ exchange rate was 107.67/$1.00. (Round your answer to 2 declmel pleces.) At this exchange rate, what is the no-arbitrage U.S. dollar price of one ADR

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