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Taiwan Semiconductor trades as an ADR in the United States. The stock trades in Taiwan for 560 Taiwan Dollars. The current spot rate is $1=27.82
Taiwan Semiconductor trades as an ADR in the United States. The stock trades in Taiwan for 560 Taiwan Dollars. The current spot rate is $1=27.82 Taiwan Dollars. a) What is today's ADR price? b) Assume that tomorrow, Taiwan Semiconductor's stock price in Taiwan increases to 575 Taiwan Dollars. However, the new spot rate is $1=29.24 Taiwan Dollars. What is the new ADR price? c) In percentage terms, how much did the ADR price change by
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