Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 26 1 points Which of the following factors are related to an ADR? Factor-1: An ADR is a certificate that represents ownership of a

image text in transcribed

QUESTION 26 1 points Which of the following factors are related to an ADR? Factor-1: An ADR is a certificate that represents ownership of a foreign stock. An ADR is typically created by a U.S. bank who buys stock in foreign corporations in their domestic currencies and places them in its vault Factor - 2: The major attraction to U.S. investors is that ADRs are claims to foreign companies that trade on domestic (U.S.) exchanges and in dollars. O A. Only Factor 1 is correct Only Factor 2 is correct Both Factors are correct Neither Factor is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of The Economics Of Finance Corporate Finance Volume 1A

Authors: George M. Constantinides, M. Harris, Rene M. Stulz

1st Edition

0444513620, 978-0444513625

More Books

Students also viewed these Finance questions

Question

5-8 What are the advantages and disadvantages of the BYOD movement?

Answered: 1 week ago