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Pricing of ADR: Today the stock price of Genevo Co. (based in Switzerland) is priced at SF80 per share. The spot rate of the Swiss

Pricing of ADR: Today the stock price of Genevo Co. (based in Switzerland) is priced at SF80 per share. The spot rate of the Swiss franc (SF) is $.70. A share of ADR of Genevo Co. represents two shares of its stock traded on SIX Swiss Exchange. What should be the price of the ADR?

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