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Today, the stock price of Genevo Co. (based in Switzerland) is priced at SF100 per share. The spot rate of the Swiss franc (SF)
Today, the stock price of Genevo Co. (based in Switzerland) is priced at SF100 per share. The spot rate of the Swiss franc (SF) is $.80. During the next year, you expect that the stock price of Genevo Co. will decline by 3 percent. You also expect that the Swiss franc will depreciate against the U.S. dollar by 10 percent during the next year. You own American depository receipts (ADRs) that represent Genevo stock. Each share that you own represents one share of the stock traded on the Swiss stock exchange. The estimated value of the ADR per share in 1 year is $ 134.72 67.68 126.39 63.36 65.52 O 130.56 122.22 69.84 118.06 O 80.00
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