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The spot rate of the Singapore dollar is $.75. The ADR of a Singapore firm is convertible into 2 shares of stock. The price of
The spot rate of the Singapore dollar is $.75. The ADR of a Singapore firm is convertible into 2 shares of stock. The price of an ADR is $20. What is the share price of the firm in Singapore dollars? |
Group of answer choices
13.35
1.50
7.50
10.00
none of the options listed
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