Problem #$5$

ABC Corporation's stock trades in Italy for $117$ Euros. The current spot rate is $1$ Euro $=$$$1\mathrm{.}07.$

What is today's ADR price?

Problem #$6$

Using the same facts as in the above problem, assume that ABC Corporation's stock price in Italy declines to $97$ Euro.

However, the new spot rate is $1$ Euro $=$$$1\mathrm{.}02$

What is the new ADR price?

Problem #$7$

Using the facts in Problems #$5$ and #$6,$ calculate the $\%$ change in stock price in Euro vs$.$ U$.$S$.$ Dollars. How do they differ?

Also, did the U$.$S$.$ dollar depreciate or appreciate over this time?