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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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