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One underlying Honda share equals one ADR. One Honda stock (HMC) on NYSE is $29.16. One share of Honda stock on Tokyo Stock Exchange is

One underlying Honda share equals one ADR. One Honda stock (HMC) on NYSE is $29.16. One share of Honda stock on Tokyo Stock Exchange is 3019 yen. The current yen/usd exchange rate is 0.0095 USD. Showing calculations, what is the no-arbitrage USD price of one Honda American Depository Receipt?

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