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The ADR of a British firm is convertible into 4 shares of stock. The share price of the firm was 35 pounds when the British

The ADR of a British firm is convertible into 4 shares of stock. The share price of the firm was 35 pounds when the British market closed. When the U.S. market opens, the pound is worth $1.30. The price of this ADR should be $____.

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